Yesterday the American indices dropped heavily. Today the S&P 500 and the NASDAQ 100 are showing mixed sentiment, but the Dow Jones Industrial Average is rising. 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 dropped heavily yesterday. The price finished the session significantly below the S1 support level, slightly below 3850. Today it is showing mixed sentiment. If the bulls take control over the market, the price might even reach 3870 today. But if the bears show their strength once again, the price could fall below 2830.
NASDAQ 100
NASDAQ 100 also dropped deeply yesterday. The price finished the session below the S2 support level, slightly below 11050. Today it is showing mixed sentiment. If the bulls take control over the market, the price might rise above the Pivot Point and reach 11150 today. But if the bears show their strength once again, the price could fall below 11100.
Dow Jones Industrial Average
The DJIA index dropped heavily yesterday as well. The price finished the session below the S1 support level, a little below 33200. However, it is rising today. If the buyers continue generating firm demand, the price might go up above the EMA 200 and even reach 33400. But if the bears counterattack, the price could fall below the Pivot Point and reach 33100.
SSL Secured