Yesterday the American indices managed to rise. Today all three of them are going down, 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 managed to rise yesterday. The price finished the session exactly at 4400. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could even drop to the S1 support level today. But if they do, the price might rise above the EMA 200 and reach the R1 resistance level.
NASDAQ 100
NASDAQ 100 also managed to rise yesterday. The price finished the session at 13970. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop to 13800 and the S1 support level. But if they do, the price might rise above the EMA 200 and reach the R1 resistance level.
Dow Jones Industrial Average
The Dow Jones Industrial Average managed to rise a bit yesterday as well. The price finished the session slightly above the EMA 200 and 34400. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could even drop to the S1 support level today. But if they do, the price might reach the R1 resistance level.
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