Last week wasn't a good session for indices. Nevertheless, prices will rise above Pivot if buyers can show their strength.

On Friday the American indices dropped heavily. Today all three of them are showing mixed sentiments. 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 deeply on Friday. The price finished the last session of the week below the S2 support level and 3,710. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above Pivot Point and even reach 3,750 today. But if the bears show their strength once again, the price could go down below 3,670.

spx

 

NASDAQ 100

NASDAQ 100 also dropped significantly on Friday. The price finished the last session of the week a little above the S2 support level and 11,370. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above Pivot Point and even reach 11,500. But if the bears show their strength once again, the price could go down below 11,250.

Nasdaq

 

Dow Jones Industrial Average

The DJIA index dropped deeply on Friday as well. The price finished the last session of the week significantly below the S2 support level, a little above 29,660. Today it is showing mixed sentiment. If the buyers take control of the market, the price might rise above Pivot Point and even reach 29,950. But if the bears show their strength once again, the price could go down below 29,400.

DJIA

 


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