US indices are traded carefully as markets await December's NFP reports. If bulls take control over the market, prices will climb above Pivot Point.
Yesterday the American indices dropped heavily. Today all three of them are showing mixed sentiments. From the data front, all eyes will be focused on the Nonfarm payrolls in December today. Anyway, let's move on to the analysis. S&P 500 first:
S&P 500
The S&P 500 dropped heavily yesterday. The price finished the session below the S1 support level, slightly above 3830. Today it is showing mixed sentiments. If the bulls take control over the market, the price might rise above Pivot Point and reach 3850 today. But if the bears show their strength once again, the price could go down below 3820.
NASDAQ 100
NASDAQ 100 also dropped heavily yesterday. The price finished the session below the S1 support level, slightly below 10,840. Today it is showing mixed sentiments. If the bulls take control over the market, the price might rise above Pivot Point and reach 10,900 today. But if the bears show their strength once again, the price could go down below 10,750.
Dow Jones Industrial Average
The DJIA index dropped heavily yesterday as well. The price finished the session significantly below the S1 support level, slightly below 33,100. Today it is showing mixed sentiments. If the bulls take control over the market, the price might rise above Pivot Point and reach 33,200 today. But if the bears show their strength once again, the price could even reach 32,900.
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