Yesterday all three American indices went down significantly. Today all three of them are showing mixed sentiment. From the data front, all eyes will be focused on the Fed interest rate decision and press conference. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 dropped significantly yesterday. The price finished the session slightly above the S1 support level, a little below 3880. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach 3900 today. But if the bears show their strength once again, the price could even fall to 3850.
NASDAQ 100
NASDAQ 100 also went down yesterday. The price finished the session slightly below 11950. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach 12000 and the EMA 200. But if the bears show their strength once again, the price could drop below 11850 today.
Dow Jones Industrial Average
The DJIA index dropped significantly yesterday as well. The price finished the session slightly above the S1 support level and 30820. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and even reach 31000 and the EMA 200 today. But if the bears show their strength once again, the price could fall to 30600.
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