Yesterday, the American indices dropped a bit. The volatility was really low, though. Today, they are showing mixed sentiment. From the data front, pending home sales in February will be published today in the US. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 dropped a bit yesterday. However, after reaching the S1 support level, the price managed to slightly bounce and it finished the day at 3950. Today it is showing mixed sentiment and the volatility is really low. If the bulls finally attack, the price might set the new all-time high. But if the bears show their strength this time, the price could fall below the S1.
NASDAQ 100
NASDAQ 100 also went down yesterday. However, after falling below the S1 support level, the price managed to rise a bit and it finished the day at the EMA 200. Today it is showing mixed sentiment and the volatility is really low. Right now the price is at the Pivot Point. If the bulls finally attack, the price might reach the R1 resistance level and 13000. But if the bears show their strength once again, the price could fall to the S1.
Dow Jones Industrial Average
The DJIA index dropped a bit yesterday as well. The price finished the session below 33000. Today it is showing mixed sentiment and the volatility is really low. If the bulls finally attack, the price might set the new all-time high. But if the bears show their strength this time, the price could fall below the S2 support level.
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