Yesterday the American indices performed differently. The NASDAQ 100 went down, the Dow Jones Industrial Average managed to rise and the S&P 500 showed mixed sentiment. Today, the NASDAQ 100 is still falling, the DJIA index is going up and the S&P 500 is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
The S&P 500 showed mixed sentiment yesterday. The price finished the session slightly above 4010. Today, still nothing really has happened. If the buyers take control over the market, the price might rise above 4020. But if the bears show their strength, the price could drop below 4000 and the EMA 200.
NASDAQ 100 was the weakest one yesterday. The price went down and finished the session a little below the EMA 200, slightly above 12800. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop to the S1 support level. But if they do, the price might return above 12800 and reach the EMA 200.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. The price managed to rise and finished the session a little above the R1 resistance level, slightly below 32700. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above today’s R1 and reach 32850. But if the bears counterattack, the price could drop below the Pivot Point and reach 32600.