On Friday the S&P 500 and NASDAQ 100 went down, but the Dow Jones Industrial Average showed mixed sentiment. Today all three American indices are falling even more. 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 went down on Friday. The price finished the last session of the week slightly above the S1 support level, but a little below 4670. After the weekend it opened 7 pips lower and it has been falling since then. If the buyers don’t generate some serious appetite soon, the price could drop below today’s S1. But if they do, the price might rise above the Pivot Point and reach 4680.
NASDAQ 100
NASDAQ 100 also dropped significantly on Friday. The price finished the last session of the week below the S1 support level and 15600. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could go down below 15300 today. But if they do, the price might rise above the Pivot Point and reach 15700.
Dow Jones Industrial Average
The DJIA index was a little stronger on Friday. It showed mixed sentiment. In consequence, the price finished the last session of the week a little above 36100. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and 36000. But if they do, the price might reach the R1 resistance level and the EMA 200 today.
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