Yesterday the American indices went down a bit. Today all three of them are falling even more. From the data front, the ISM manufacturing PMI in August will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 went down yesterday. The price finished the session slightly below 3960. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and 3920. But if they do, the price might return above 3950.
NASDAQ 100
NASDAQ 100 also went down a bit yesterday. The price finished the session slightly above 12280. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and 12100. But if they do, the price might return above 12250.
Dow Jones Industrial Average
The DJIA index went down yesterday as well. The price finished the session slightly above 31500. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and 31300. But if they do, the price might return above 31500.