Today, during the Asian trading session, all three of them also showed mixed sentiment, but the volatility wasn't increased. What can they do next? Well try to find out below.

The S&P 500 and Dow Jones Industrial Average showed some mixed sentiment on Friday. First, they fell heavily, but in the next hours, they managed to go upwards and almost returned to the levels, where they had begun the session. On the other hand, the NASDAQ 100 dropped significantly.

From the data, front markets will be focused on the Markit Composite PMI and Services PMI for September today. Anyway, let’s move on to the analysis.

 

stocks analysis today

 

S&P 500

After a very interesting Friday’s session, we still really don’t know what the S&P 500 is planning to do today. It seems to be falling slowly since the second half of the Asian trading session though, so it is likely that the bears are going to test the EMA 200.

If they manage to breach it and the Pivot Point, the price might even fall to the S1 support level. However, if the buyers successfully defend it, the price might rise to the R1 resistance level.

snp today

 

NASDAQ 100

NASDAQ 100 looks completely different, though. After a strong bearish session on Friday, the buyers tried to attack the EMA 200 during the Asian trading session, but they failed. Now the price is falling a bit, and it’s probably heading to test the Friday’s lows and 11200.

However, if the buyers manage to generate sufficient demand, the price might return above the EMA 200 and Pivot Point or even test the R1 resistance level.

nasdaq 100 today

 

Dow Jones Industrial Average

Surprisingly, the DJIA index looks the strongest of all three right now. After the heavy falls, it performed really well on Friday, and this morning it is also showing mixed sentiment. Because of that, it is a bit higher than the S&P 500.

It’s still not certain, which way the price is heading at the moment. If the buyers generate some firm demand, the price should test the R1 resistance level pretty soon. However, if the bears take control over the market, the price will probably fall to the EMA 200 and test the Pivot Point.

djia today

 


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