On Friday the S&P 500 and the NASDAQ 100 went down, but the Dow Jones Industrial Average managed to rise. Today all three of them are falling, 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 little on Friday. The price finished the last session of the week slightly below 4490. Today, it is going down even more. Right now the bulls are trying to come back above 4480. If they do it successfully, the price might rise above the EMA 200 and 4500. But if they fail, the price could drop below the S1 support level.
NASDAQ 100
NASDAQ 100 was the weakest one on Friday, The price dropped significantly and finished the last session of the week at the S1 support level. Today it is going down even more. Right now the bulls are trying to defend today’s S1. If they do it successfully, the price might reach the Pivot Point. But if they fail, the price could drop below 14200.
Dow Jones Industrial Average
The DJIA index was the strongest one on Friday. The price rose significantly and finished the last session of the week slightly below the R1 resistance level. However, it is going down today. Right now the bulls are trying to come back above the Pivot Point. If they do it successfully, the price might reach 34800 today. But if they fail, the price could drop to the S1 support level and 34400.
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