Yesterday the American indices dropped significantly. Today, the S&P 500 and the NASDAQ 100 are rising and 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
The S&P 500 dropped heavily yesterday. The price finished the session slightly above the S2 support level, at 3810. However, it is rising today. If the buyers continue generating sufficient demand, the price might reach the Pivot Point and 3830. But if the bears counterattack, the price could fall below 3800.
NASDAQ 100
NASDAQ 100 also dropped significantly yesterday. The price finished the session below the S1 support level, slightly above 10780. However, it is rising today. If the buyers continue generating sufficient demand, the price might even reach 10900. But if the bears counterattack, the price could fall to 10750.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price dropped deeply and finished the session a little below the S2 support level, slightly above 33050. Today it is showing mixed sentiment. If the buyers take control over the market, the price might even rise above 33200 and reach the Pivot Point. But if the bears show their strength once again, the price could even fall to 32900.
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