All three US indices are in a cautious mood as markets focus on the Fed interest rate decision. But, if buyers take control over the markets, prices might rise above Pivot Point.

Yesterday all three American indices went down significantly. Today all three of them are showing mixed sentiments. From the data front, all eyes will be focused on the Fed interest rate decision and press conference. Anyway, let’s move on to the analysis. S&P 500 first:

 

S&P 500

The S&P 500 dropped significantly yesterday. The price finished the session slightly above the S1 support level, a little below 3,880. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above Pivot Point and reach 3,900 today. But if the bears show their strength once again, the price could even fall to 3,850.

spx

 

NASDAQ 100

NASDAQ 100 also went down yesterday. The price finished the session slightly below 11,950. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above Pivot Point and reach 12,000 and the EMA 200. But if the bears show their strength once again, the price could drop below 11,850 today.

Nasdaq

 

Dow Jones Industrial Average

The DJIA index dropped significantly yesterday as well. The price finished the session slightly above the S1 support level and 30,820. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above Pivot Point and even reach 31,000 and the EMA 200 today. But if the bears show their strength once again, the price could fall to 30,600.

DJIA

 

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