Yesterday the American indices went down. Today all three of them are falling even more. 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 at 4180. Today it is falling even more. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might bounce and reach 4190. But if they fail, the price could drop to 4130.
NASDAQ 100
NASDAQ 100 was the weakest one yesterday. The price dropped significantly and finished the session at the S1 support level, below 13090. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could go down below today’s S1. But if they do counterattack, the price might rise above 13100.
Dow Jones Industrial Average
The DJIA index went down yesterday as well. The price finished the session a little below 33000. Today it is falling even more. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might bounce and reach 33000. But if they fail, the price could drop to 32500.
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