Yesterday the American indices performed differently. The S&P 500 and the NASDAQ 100 went down, but the Dow Jones Industrial Average managed to rise. Today all three of them are falling, though. 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 a bit yesterday. The price finished the session at 3960. Today it is falling even more. The price is already below the S1 support level. If the buyers don’t generate some serious appetite soon, the price could even drop below 3925 today. But if they do, the price might return above 3940.
NASDAQ 100
NASDAQ 100 was the weakest one yesterday. The price went down and finished the session slightly above the S1 support level and 11980. Today it is falling even more. The price is already below today’s S1. If the buyers don’t generate some serious appetite soon, the price could even drop to 11800 today. But if they do, the price might return above 11920.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. The price finished the session high above the Pivot Point, slightly below 32900. However, it is going down today. The price is already below 32700. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and 32600. But if they do, the price might return above the Pivot Point and reach 32800.
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