On Friday the American indices dropped deeply. All three of them finished the last session of the week below their S2 support levels. Today they are going down 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 dropped heavily on Friday. The price finished the last session of the week significantly below the S2 support level, at 4230. Today it is going down even more. Right now the bulls are trying to defend today’s S1. If they do it successfully, the price might rise above 4220 today. But if they fail, the price could fall below 4190.

SP 500

NASDAQ 100

NASDAQ 100 also dropped deeply on Friday. The price finished the last session of the week significantly below the S2 support level, a little above 13260. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below today’s S1 and 13100. But if they do, the price might return above 13250.

NASDAQ 100

Dow Jones Industrial Average

The DJIA index dropped heavily on Friday as well. The price finished the last session of the week below the S2 support level and 33700. Today it is going down even more. Right now the bulls are trying to defend today’s S1. If they do it successfully, the price might return above 33600 today. But if they fail, the price could even fall below 33300.

Dow Jones