On Friday the American indices rose significantly. Today all three of them are showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
The S&P 500 rose strongly on Friday. The price finished the last session of the week high above the R2 resistance level, slightly below 3990. Today it is showing mixed sentiment. The volatility is rather low, though. If the buyers show their strength once again, the price might even reach 4010 today. But if the bears take control over the market, the price could drop to 3770.
NASDAQ 100
NASDAQ 100 also rose strongly on Friday. The price finished the last session of the week high above the R2 resistance level, slightly below 11680. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even reach 11750 today. But if the bears take control over the market, the price could drop to 11600.
Dow Jones Industrial Average
The DJIA index rose strongly on Friday as well. The price finished the last session of the week high above the R1 resistance level, slightly below 33500. Today it is showing mixed sentiment. The volatility is rather low, though. If the buyers show their strength once again, the price might rise above 33600 and today’s R1. But if the bears take control over the market, the price could drop to the Pivot Point.
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