SPX and NASDAQ are trying to climb up today. If buyers continue to show enough support, both indices will reach pivot and 10,900 respectively.

Yesterday the American indices dropped significantly. Today, the S&P 500 and the NASDAQ 100 are rising and the Dow Jones Industrial Average shows 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 dropped heavily yesterday. The price finished the session slightly above the S2 support level, at 3810. However, it is rising today. If the buyers continue generating sufficient demand, the price might reach Pivot Point and 3830. But if the bears counterattack, the price could fall below 3800.

spx

 

NASDAQ 100

NASDAQ 100 also dropped significantly yesterday. The price finished the session below the S1 support level, slightly above 10,780. However, it is rising today. If the buyers continue generating sufficient demand, the price might even reach 10,900. But if the bears counterattack, the price could fall to 10,750.

nasdaq

 

Dow Jones Industrial Average

The DJIA index was the weakest one yesterday. The price dropped deeply and finished the session a little below the S2 support level, slightly above 33,050. Today it is showing mixed sentiments. If the buyers take control over the market, the price might even rise above 33,200 and reach Pivot Point. But if the bears show their strength once again, the price could even fall to 32,900.

djia

 

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