Yesterday the American indices performed differently. The S&P 500 and the NASDAQ 100 managed to rise and the Dow Jones Industrial Average showed mixed sentiment. Today the S&P 500 and the DJIA index are going down and the NASDAQ 100 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 went down below the Pivot Point and 4140. Then, during the European trading session, the price managed to rise. It even reached the EMA 200 in the early afternoon. After that, at the beginning of the American trading session, the price fell to the Pivot Point once again. However, in the late afternoon, it started going up one more time. The price even reached the R1 resistance level in the evening. During the last 90 minutes of the American trading session, it dropped a bit, though. In consequence, the S&P 500 finished the day a little below 4160.
During the first hours of today’s Asian trading session, the price dropped below 4150. Then it started rising. The price even reached the EMA 200 at the beginning of the European trading session. After that, it started going down once again. If the buyers don’t generate some serious appetite soon, the price could fall below 4140 today. But if they do, the price might even rise above the EMA 200.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. The price started rising significantly in the morning. In the early afternoon it even reached the R1 resistance level. After that, at the beginning of the American trading session, the price dropped to 13850. Then, it started going up strongly. The price even rose above 14000 in the late afternoon. However, during the last 90 minutes of the American trading session, it dropped a bit. In consequence, the NASDAQ 100 finished the day, slightly above the R1, at 13980.
During the first hours of today’s Asian trading session, the price dropped below the Pivot Point. Then it started rising. However, since the beginning of the European trading session, the price has been showing mixed sentiment. If the buyers show their strength, the price might even reach 14050 today. But if the bears take control over the market, the price could drop below the Pivot Point and reach 13900.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. During the Asian trading session, the price went down below 32700. Then, it rose above 32800. However, at the beginning of the American trading session, the price started falling heavily. It even dropped below the S1 support level in the late afternoon. The price managed to go up in the evening, though. In consequence, the Dow Jones Industrial Average finished the day a little below 32800.
During the first hours of today’s Asian trading session, the price went down a bit. Then it started rising. However, at the beginning of the European trading session, the price started falling once again. If the buyers don’t generate some serious appetite soon, the price could drop even below 32650 and reach the S1 support level. But if they do, the price might reach 32900 today.
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