Yesterday, the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average showed mixed sentiment, but the NASDAQ 100 managed to rise. Today all three of them are going down. 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 showed mixed sentiment yesterday. First the price dropped below the S1 support level, then it rose and finished the session a little above 4400. Today, the price is going down, though. If the buyers don’t generate some serious appetite soon, the price could fall below the S1. But if they do, the price might rise to the EMA 200.
NASDAQ 100
Yesterday, NASDAQ 100 managed to rise. The price finished the session above 14940. However, it is falling today. If the buyers don’t generate some serious appetite, the price could drop to the S1 support level. But If they do, the price might reach the EMA 200.
Dow Jones Industrial Average
The DJIA index showed mixed First the price dropped below the S1 support level, then it rose and finished the session slightly above 34800. Today, the price is going down, though. If the buyers don’t generate some serious appetite soon, the price could fall significantly below the S1 support level. But if they do, the price might rise above the Pivot Point.
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