Yesterday the American indices dropped significantly. NASDAQ 100 was the weakest one, it finished the session below 14500, slightly above the S2 support level. Today, all three of them are showing mixed sentiment. From the data front, the ISM non-manufacturing PMI will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 dropped significantly yesterday. The price finished the session below 4300, slightly above the S1 support level. Today, the price is showing mixed sentiment. If the buyers take control over the market, the price might rise to the EMA 200. But if the bears show their strength once again, the price could even fall to 4250.
NASDAQ 100
NASDAQ 100 was the weakest one yesterday. The price dropped heavily and finished the session below 14500, slightly above the S2 support level. Today it is showing mixed sentiment. If the buyers take control over the market, the price might reach the EMA 200 and 14700. But if the bears show their strength once again, the price could fall to 14300.
Dow Jones Industrial Average
The DJIA index went down yesterday as well. It wasn’t as weak as the other two indices though, the price finished the session a little below 33900, not far from the Pivot Point. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 200. But if the bears show their strength, the price could fall below the S1 support level.
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