Yesterday the American indices showed mixed sentiment. Today all three of them are rising, though. 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 showed mixed sentiment yesterday. The price finished the session a little below 4030, slightly above the Pivot Point. Today, it is rising, though. If the buyers continue generating firm demand, the price might even reach 4060 and the R1 resistance level today. But if the bears counterattack, the price could return below 4030.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. The price finished the session slightly below the Pivot Point. Today, it is rising, though. If the buyers continue generating firm demand, the price might even rise above 12000 and reach the R1 resistance level today. But if the bears counterattack, the price could drop below 11900.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment yesterday as well. The price finished the session a little below 33800. Today, it is rising, though. If the buyers continue generating firm demand, the price might reach 33950 today. But if the bears counterattack, the price could return below 33800.
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