After yesterday's bearish session, all three us indices are showing mixed sentiment. If buyers take control, SPX, NASDAQ, and DJIA will rise above Pivot.

Yesterday the American indices dropped heavily. Today all three of them are showing mixed sentiment, but the volatility is rather low. 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 and 3,940. Today it is showing mixed sentiments. The volatility is rather low, though. If the buyers take control of the market, the price might rise above Pivot Point and reach 3,970. But if the bears counterattack, the price could drop below 3,930.

spx

 

NASDAQ 100

NASDAQ 100 also dropped heavily yesterday. The price finished the session below the S2 support level, slightly below 11,570. Today it is showing mixed sentiments. The volatility is rather low, though. If the buyers take control of the market, the price might rise above Pivot Point and reach 11,650. But if the bears counterattack, the price could drop below 11,500.

nasdaq

 

Dow Jones Industrial Average

The DJIA index dropped heavily yesterday as well. The price finished the session slightly above the S2 support level, a little above 33,630. Today it is showing mixed sentiments. The volatility is rather low, though. If the buyers take control of the market, the price might rise above Pivot Point and reach 33,800. But if the bears counterattack, the price could drop below 33,500.

djia

 


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