Yesterday the American indices rose significantly. Today all three of them are showing mixed sentiment, though. 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 rose above the R1 resistance level and 4445. Then, at the beginning of the American trading session, the price started falling. It even dropped below 4425 in the early evening. However, during the last three hours of the American trading session, the price managed to go up once again. In consequence, the S&P 500 finished the day slightly above the R1 and 4440.
During today’s Asian trading session, the price rose above 4450. Then, at the beginning of the European trading session, it started falling. If the buyers don’t generate some serious appetite soon, the price could drop below 4430 and reach the EMA 200 today. But if they do, the price might even reach today’s R1.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, the price rose above the R1 resistance level and 15120. Then, at the beginning of the American trading session, it started falling. Two hours later the price even dropped below 14990. However, during the last three hours of the American trading session, it managed to go up once again. In consequence, the NASDAQ 100 finished the day at the R1, a little below 15100.
During today’s Asian trading session, the price rose above 15140. Then, at the beginning of the European trading session, it started falling. If the buyers don’t generate some serious appetite soon, the price could drop below 15050 and reach the EMA 200 today. But if they do, the price might even reach today’s R1.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First, the price rose above the R1 resistance level and reached 34690. Then, at the beginning of the American trading session, it started falling. The price even dropped to 34470 in the evening. However, during the last two hours of the American trading session, it managed to go up once again. In consequence, the Dow Jones Industrial Average finished the day slightly above 34600.
During today’s Asian trading session, the price reached 34670. Then, at the beginning of the European trading session, it started falling. If the buyers don’t generate some serious appetite soon, the price could even drop to 34500. But if they do, the price might reach 34700 today.
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