Yesterday the S&P 500 and the Dow Jones Industrial Average went down, but the NASDAQ 100 showed mixed sentiment. Today all three American indices 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 yesterday. The price finished the session below 3800, a little above the S1 support level. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop to 3760 today. But if they do, the price might rise above the Pivot Point and reach 3810.
NASDAQ 100
NASDAQ 100 showed mixed sentiment yesterday. The price finished the session a little above 11730. Today, it is going down, though. If the buyers don’t generate some serious appetite soon, the price could drop below 11600. But if they do, the price might rise above 11800 and reach the EMA 200.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price dropped significantly and finished the session below the S1 support level, at 30700. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below 30500. But if they do, the price might reach 30800.