Yesterday, the American indices performed differently. The Dow Jones Industrial Average rose significantly, the S&P 500 showed mixed sentiment and the NASDAQ 100 dropped. Today, the S&P 500 and NASDAQ 100 are falling, but the DJIA index is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
The S&P 500 showed mixed sentiment yesterday. First the price rose above the R1 resistance level, but then it dropped and finished the day slightly below the EMA 200. Moreover, the price is still falling today. Right now it’s getting close to the S1 support level. If the buyers don’t generate some serious appetite there, the price could even drop to the S2. But if they do, the price might rise above the EMA 200.
Yesterday, the NASDAQ 100 dropped significantly. The price finished the session below the S1 support level. Today, it is falling even more. If the buyers don’t generate some serious appetite, the price could drop below today’s S1. But if they do, the price might rise to the Pivot Point.
Dow Jones Industrial Average
The DJIA index was definitely the strongest one yesterday. The price rose strongly and finished the day above the R1 resistance level. During today’s Asian trading session, it showed mixed sentiment, but since the start of the European session, it is going down a bit. If the buyers don’t generate some serious appetite, the price could drop below the EMA 200 today. But if they do, the price might return above the Pivot Point and 34000.