NASDAQ, S&P500, and Dow trade mixed prior to major banks' fourth-quarter earnings season. JPMorgan Chase, Citigroup, and Wells Fargo are expected to disclose their profits today.

The American indices dropped heavily yesterday. Today, all three of them are showing mixed sentiment. From the data front, retail sales and core retail sales in December will be published. Anyway, let's move on to the analysis, S&P 500 first:


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S&P 500

The S&P 500 dropped heavily yesterday. The price finished the session significantly below the S2 support level, slightly above 4,650. Today, it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach 4,680 today. But if the bears show their strength once again, the price could go down to today's S1.

s&p 500 today

 

NASDAQ 100

NASDAQ 100 also dropped heavily yesterday. The price finished the session significantly below the S2 support level, exactly at 15,500. Today, it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach 15,700 today. But if the bears show their strength once again, the price could go down to today's S1 and reach 15,300.

nasdaq 100 today

 

Dow Jones Industrial Average

The DJIA index wasn't as weak as the other two indices yesterday. However, the price still went down significantly and finished the session below the S1 support level, at 36,000. Today, it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 200 and even reach the R1 resistance level. But if the bears show their strength once again, the price could go down to today's S1 and reach 35,800.

djia today

 


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