Yesterday the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average managed to rise a bit, but the NASDAQ 100 showed mixed sentiment. Today, the S&P 500 and the NASDAQ 100 are falling, but the DJIA index is 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
Yesterday was a really interesting session. First, the S&P 500 rose above the R1 resistance level and 4895. Then, at the beginning of the American trading session, the price started falling. It even dropped below 4875 in the early evening. However, during the last three hours of the American trading session, the price managed to rise a bit. In consequence, the S&P 500 finished the day at 4880.
During today’s Asian trading session, the price managed to rise above the Pivot Point and 4885. Then, at the beginning of the European trading session, it started falling. If the buyers don’t generate some serious appetite soon, the price could drop below today’s S1 support level and 4870. But if they do, the price might even go up above 4990 today.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, the price rose above the R1 resistance level and 17580. Then, at the beginning of the American trading session, it started falling. The price even dropped below 17440 in the early evening. However, during the last three hours of the American trading session, it managed to rise a bit. In consequence, the NASDAQ 100 finished the day slightly above 17450.
During the first hours of today’s Asian trading session, the price managed to rise above 17480. Then, it started falling. If the buyers don’t generate some serious appetite soon, the price could drop below 17350 and reach today’s S1 support level. But if they do, the price might go up above the Pivot Point and 17500 today.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First, the price rose above the R1 resistance level and reached 38300. Then, at the beginning of the American trading session, it started falling. The price even dropped below 38100 in the early evening. However, during the last three hours of the American trading session, it managed to rise a bit. In consequence, the Dow Jones Industrial Average finished the day a little above 38180.
During today’s Asian trading session, the price managed to rise above the Pivot Point and 38200. Then, at the beginning of the European trading session, it started falling. If the buyers don’t generate some serious appetite soon, the price could drop below 38100 today. But if they do, the price might go up above 38250.
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