Yesterday, the American indices performed differently. The S&P 500 and the NASDAQ 100 showed mixed sentiment, but the Dow Jones Industrial Average dropped significantly. Today, the S&P 500 and the NASDAQ 100 are going down, and the DJIA index is showing mixed sentiment. From the data front, the CPI and core CPI will be published in the US today. Anyway, let’s move on to the analysis, S&P 500 first:
The S&P 500 showed mixed sentiment yesterday. The volatility was really low and the price finished the session at the Pivot Point. Today, the bears have already attacked the S1 support level, but after the start of the European trading session, the price started rising. Right now the buyers are trying to return above the EMA 200. If they do it successfully, the price might rise to the R1 resistance level today. But if they fail, the price could drop to the S2.
NASDAQ 100 also showed mixed sentiment yesterday. The price finished the session a little below the Pivot Point. Today, it is going down a bit. Right now the bulls are trying to stay above 13800. If they do it successfully, the price might even rise to the R1 resistance level today. But if they fail, the price could drop below the S2 support level.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price dropped significantly and finished the day at the S1 support level. Today, it is showing mixed sentiment, though. If the buyers take control over the market, the price might rise to the EMA 200 today. But if the bears show their strength once again, the price could fall below the S1.