Yesterday the American indices dropped significantly. Today, the S&P 500 and the NASDAQ 100 are rising slowly, but the Dow Jones Industrial Average 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 dropped below the S1 support level and 4150. Then, in the evening, it managed to rise a bit. In consequence, the price finished the session at 4160. During today’s Asian trading session, it rose above 4180. Then, in the morning, the price started falling a bit. If the buyers don’t generate some serious appetite soon, the price could drop below 4160 today. But if they do, the price might even reach 4190.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, the price dropped below the S1 support level and reached 14140. Then, in the evening, it managed to rise a bit. In consequence, the price finished the session exactly at the S1, slightly above 14200.
During today’s Asian trading session, the NASDAQ 100 rose above 14320. Then, in the morning, it started falling a bit. If the buyers don’t generate some serious appetite soon, the price could drop to 14200 today. But if they do, the price might even reach 14400.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First, the price dropped below the S1 support level and reached 32960. Then, in the early afternoon, it started rising. The price even went up above 33200 at the beginning of the American trading session. After that, it started falling heavily. The price even dropped below the S2 and 32840 in the early evening. However, it managed to rise a bit during the last hours of the American trading session. In consequence, the Dow Jones Industrial Average finished the day exactly at the S2 and 32920.
During the first hours of oday’s Asian trading session, the price rose above the Pivot Point and 33300. Then, it started falling. If the buyers don’t generate some serious appetite soon, the price could even fall to 32800 today. But if they do, the price might return above the Pivot Point and 33300.
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