Yesterday the American indices showed mixed sentiment. Today all three of them are going down, 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 a little below the Pivot Point and 4120. Today it is going down, though. Right now the bulls are trying to defend 4100 and the S1 support level. If they do it successfully, the price might reach the Pivot Point and 4120 today. But if they fail, the price could drop to today’s S2 and the EMA 200.
NASDAQ 100
NASDAQ 100 showed mixed sentiment yesterday. The price finished the session slightly above 12970. Today it is going down, though. The price is already below 12900. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and reach the EMA 200. But if they do, the price might rise above the Pivot Point and even reach 13000.
Dow Jones Industrial Average
The DJIA index also showed mixed sentiment yesterday. The price finished the session slightly below 32770. Today it is going down, though. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and 32500. But if they do, the price might rise above the Pivot Point and reach 32800.