Yesterday, the American indices performed differently. S&P 500 showed mixed sentiment, NASDAQ 100 dropped a bit and Dow Jones Industrial Average rose. The volatility was really high, though. Today, the American indicess opened a bit lower and they 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, it rose high above the R2 resistance level. Then, in the afternoon, it dropped below the EMA 200 and finished the session a little above the Pivot Point, but below 4200. Today, it is going down a bit. If the buyers don’t generate some serious appetite soon, the price could fall to the S1 support level. But if they do, the price might rise above the Pivot Point.
NASDAQ 100
NASDAQ 100 was even more volatile yesterday. First the price attacked the R2 resistance level. Then, in the afternoon, it dropped to the S2 support level. After that, the price managed to rise a bit, but it finished the session significantly below the Pivot Point. Today, the price opened 13 pips lower, and it has been going down a bit since then. If the buyers don’t generate some serious appetite soon, the price could fall below 13600. But if they do, the price might rise above the Pivot Point and the EMA 200.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. First, the price rose strongly and tested the R3 resistance level. Then, in the afternoon, it dropped significantly, but still the price finished the session above the R1. Today, it opened 31 pips lower and the bulls aren’t strong enough to rise since then. If the buyers don’t generate some serious appetite soon, the price could even fall to the S1 support level. But if they do, the price might even reach today’s R1.
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