Yesterday the American indices performed differently. The S&P 500 and the NASDAQ 100 managed to rise, but the Dow Jones Industrial Average showed mixed sentiment. Today all three of them are falling, though. From the data front, the GDP in Q1 will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
Yesterday was a really interesting session. First, the S&P 500 went down below the EMA 200 and 4400. Then, at the beginning of the American trading session, the price started rising strongly. In the late afternoon, it even reached 4430. After that, the price started falling once again. One hour later it even dropped below the EMA 200 and reached 4400 one more time. However, in the evening, the price managed to rise for the second time. In consequence, the S&P 500 finished the session a little above 4420.
At the beginning of today’s Asian trading session, the price managed to rise above 4425. Then it started falling significantly. If the buyers don’t generate some serious appetite soon, the price could drop below 4410 and reach the S1 support level. But if they do, the price might return above 4425.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, the price dropped to the Pivot Point. Then, at the beginning of the American trading session, it started rising strongly. The price even went up above the R1 resistance level and 15210 in the late afternoon. After that, it started falling once again. One hour later it even dropped below 15060. However, in the evening, the price managed to rise one more time. In consequence, the NASDAQ 100 finished the session a little above 15150.
At the beginning of today’s Asian trading session, the price managed to rise above 15180. Then it started falling. If the buyers don’t generate some serious appetite soon, the price could drop below 15080 and reach the EMA 200. But if they do, the price might even reach 15200.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. At first, the price managed to rise above 34210, though. Then, in the early afternoon, it started falling heavily. After three hours of going down, the price even dropped below 34000. Then, it started rising once again. One hour later the price went up above the EMA 200 and reached 34150. However, in the late afternoon, it started falling one more time. The price even reached 34000 in the evening. However, during the last 90 minutes of the American trading session, it managed to rise for the third time. In consequence, the Dow Jones Industrial Average finished the day slightly above the EMA 200 and 34130.
At the beginning of today’s Asian trading session, the price managed to rise above 34180. Then it started falling significantly. If the buyers don’t generate some serious appetite soon, the price could even drop to today’s S1 support level. But if they do, the price might return above 34150.
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