Yesterday the American indices dropped heavily one more time. All three of them finished the session slightly below their S2 support levels. Today they are showing mixed sentiment. 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 dropped deeply yesterday. The price finished the session slightly below the S2 support level, at 4460. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and 4500 today. But if the bears show their strength once again, the price could fall below 4430.

SP 500

NASDAQ 100

NASDAQ 100 also dropped heavily yesterday. The price finished the session below the S2 support level, at 14740. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and 14900 today. But if the bears show their strength once again, the price could fall below 14600.

NASDAQ 100

Dow Jones Industrial Average

The DJIA index dropped deeply yesterday as well. The price finished the session a little below the S1 support level, slightly above 34500. Today it is going down a bit, though. If the buyers continue generating firm demand, the price might rise high above the Pivot Point and even reach 35000. But if the bears counterattack, the price could fall below 34300.

Dow Jones