Yesterday nothing really happened. The American indices showed mixed sentiment and the volatility was really low, due to the national holiday in the US. However, the NASDAQ 100 managed to rise and the Dow Jones Industrial Average dropped on Friday. The S&P 500 showed mixed sentiment again. Today, all three of them are falling heavily, 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 showed mixed sentiment on Friday and Monday. In consequence, the price finished last week and yesterday’s session at 4655. However, it is falling heavily today. The price is already significantly below the S2 support level. If the buyers don’t generate some serious appetite soon, the price could even drop below the S3 and 3600. But if they do, the price might return above the S2.
NASDAQ 100
NASDAQ 100 managed to rise a bit on Friday and finished the week at 15600. Yesterday, nothing really happened though, the price showed mixed sentiment and the volatility was really low. However, it is falling heavily today. The price is already significantly below the S2 support level. If the buyers don’t generate some serious appetite soon, the price could even drop below the S3 and 15300. But if they do, the price might return above the S2.
Dow Jones Industrial Average
The DJIA index dropped significantly on Friday. The price finished the last session of last week below the S1 support level. Yesterday, nothing really happened though, it showed mixed sentiment and the volatility was really low. However, the price is falling deeply today. It’s already below today’s S2. If the buyers don’t generate some serious appetite soon, the price could go down below 35500. But if they do, the price might reach 35700 or even return above the S1.
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