Yesterday, the American indices performed differently. NASDAQ 100 was the strongest one. The price rose high above the R1 resistance level and set the new all time high. The S&P 500 managed to rise a bit, but the Dow Jones Industrial Average dropped significantly and finished the session slightly above the S2 support level. Today, all three of them are 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 managed to rise a bit yesterday. However, the bulls weren’t strong enough to beat the Pivot Point, so the price finished the session below that level, at 4215. Today, it is showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might even rise above the R1 resistance level. But if the bears show their strength, the price could fall below the Pivot Point.
NASDAQ 100
NASDAQ 100 was definitely the strongest one yesterday. The price rose high above the R1 resistance level and set the new all-time high. During today’s Asian trading session, the price showed mixed sentiment, but it managed to reach 14200 for the first time ever. Now, if the buyers show their strength once again, the price might rise above 4250 today. But if the bears take control over the market, thep price could drop to 14100.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price dropped significantly and finished the session slightly above the S2 support level. Today, it is showing mixed sentiment, but the bulls weren’t strong enough to beat the Pivot Point. If the buyers take control over the market, the price might even reach the R1 resistance level today. But if the bears show their strength, the price could fall to the S1.
SSL Secured