Yesterday the American indices rose significantly. However, all three of them are falling heavily today. From the data front, the ADP nonfarm employment change in September will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 rose significantly yesterday. However, the bulls weren’t strong enough to finish the session above the R1 resistance level, so in the evening the price dropped slightly and finished the session near 4335, above the EMA 200. Today the price is falling heavily. It’s already below 4300. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level. But if they do, the price might return above the Pivot Point.
NASDAQ 100
NASDAQ 100 also rose significantly yesterday. The price finished the session slightly below the EMA 200. However, it is falling deeply today. The price is already below 14500. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level. But if they do, the price might return above the Pivot Point.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. The price rose significantly and finished the session at the R1 resistance level. However, it is falling significantly today. Right now the bulls are trying to defend 33900. If they do it successfully, the price might return above the Pivot Point and the EMA 200. But if they fail, the price could drop below the S1 support level.
SSL Secured