Yesterday the American indices performed differently. The S&P 500 and the NASDAQ 100 went down, but the Dow Jones Industrial Average showed mixed sentiment. Today the S&P 500 and the NASDAQ 100 are showing mixed sentiment, but the DJIA index is rising. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
The S&P 500 went down yesterday. The price finished the session a little above the Pivot Point, slightly below 3860. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 200 and reach 3880 today. But if the bears show their strength once again, the price could drop to 3840.
NASDAQ 100 was the weakest one yesterday. The price dropped significantly and finished the session below the S1 support level, a little above 10910. Today it is showing mixed sentiment. If the buyers take control over the market, the price might reach the Pivot Point and 11000. But if the bears show their strength once again, the price could go down to 10850.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. The price showed mixed sentiment and finished the session slightly above 33400. Moreover, it is rising today. If the buyers continue generating sufficient demand, the price might reach 33600 today. But if the bears counterattack, the price could drop below the Pivot Point and reach the EMA 200 and 33400.