Yesterday the American indices dropped heavily. All three of them finished the session below their S2 support levels. However, they are rising today. From the data front, the ISM non-manufacturing PMI in October will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 dropped deeply yesterday. The price finished the session significantly below the S2 support level, slightly below 3770. However, it is rising today. If the buyers continue generating sufficient demand, the price might go up above 3790. But if the bears show their strength once again, the price could fall below 3750.
NASDAQ 100
NASDAQ 100 also dropped deeply yesterday. The price finished the session significantly below the S2 support level, at 10940. However, it is rising today. If the buyers continue generating sufficient demand, the price might go up above 11000. But if the bears show their strength once again, the price could fall below 10900.
Dow Jones Industrial Average
The DJIA index dropped heavily yesterday as well. The price finished the session below the S2 support level and 32200. However, it is rising today. If the buyers continue generating sufficient demand, the price might go up above 32300. But if the bears show their strength once again, the price could even fall to 32000.
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