Yesterday the American indices dropped once more. All three of them finished the session near their S1 support levels. Today, they are slowly rising, though. From the data front, the CPI and core CPI in September will be published. Anyway, let’s move on to the analysis, S&P 500 first:

S&P 500

The S&P 500 dropped once again yesterday. The price finished the session a little above the S1 support level. However, it is rising today. The price is already above the Pivot Point. If the buyers continue generating sufficient demand, the price might rise above the EMA 200 and the R1 resistance level today. But if the bears counterattack, the price could fall below 4320.

SP 500

NASDAQ 100

NASDAQ 100 also went down yesterday. The price finished the session slightly below the S1 support level, at 14600. However, it is rising today. The price is already above the Pivot Point. If the buyers continue generating sufficient demand, the price might rise above the EMA 200 and the R1 resistance level today. But if the bears counterattack, the price could return below 14600.

NASDAQ 100

Dow Jones Industrial Average

The DJIA index dropped yesterday as well. The price finished the session a little above the S1 support level. However, it is rising slowly today. Right now the bulls are attacking the Pivot Point. If they do it successfully, the price might rise above the EMA 200 and the R1 resistance level today. But if they fail, the price could even go down to 34000.

Dow Jones