Yesterday, the American indices showed mixed sentiment and the volatility was rather low. Today, all three of them are going down, though. From the data front, there will be many important releases in the US, such as durable goods orders and pending home sales in April, and GDP in Q1. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 showed mixed sentiment yesterday. The price finished the session at the Pivot Point. Today, it is going down significantly, though. Right now the bears are attacking the S1 support level and the EMA 200. If they do it successfully, the price could even fall to the S2. But if the buyers generate some serious appetite, the price might return above the Pivot Point.
NASDAQ 100
NASDAQ 100 rose a little bit yesterday, but the volatility was rather low. Today, the price is going down heavily, though. Right now the bears are attacking the S2 support level. If they do it successfully, the price could even fall to the S3. But if the buyers generate some serious appetite, the price might return above the Pivot Point.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment yesterday as well. Today, the price is going down heavily, though. Right now the bears are attacking the S1 support level. If they do it successfully, the price could even fall to the S2. But if the buyers generate some serious appetite, the price might rise above the Pivot Point.
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