Yesterday was a shocking session. All three American indices dropped deeply. Today the S&P 500 and the Dow Jones Industrial Average are going down even more, but the NASDAQ 100 is showing mixed sentiment. From the data front, all eyes will be focused on the nonfarm payrolls and unemployment rate in February. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday was a shocking session. The S&P 500 dropped deeply and finished the day below the S3 support level, slightly below 3920. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall to 3880 today. But if they do, the price might reach 3920.
NASDAQ 100
NASDAQ 100 also dropped deeply yesterday. The price finished the session significantly below the S2 support level, slightly above 12000. Today it is showing mixed sentiment. If the buyers take control over the market, the price might even reach 12050 today. But if the bears show their strength once again, the price could fall to 19900.
Dow Jones Industrial Average
The DJIA index dropped deeply yesterday as well. The price finished the session slightly above the S3 support level, below and 32300. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall to 31900 today. But if they do, the price might reach 32300.
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