Yesterday the American indices went down a bit. 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 a bit yesterday. The price finished the session a little below 4130. Today it is going down even more. The volatility is rather low, though. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and 4110. But if they do, the price might rise above the Pivot Point and reach 4140 today.
NASDAQ 100
NASDAQ 100 also went down a bit yesterday. The price finished the session at 12890. Today it is going down even more. The volatility is rather low, though. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and 12800. But if they do, the price might rise above the Pivot Point and reach 12950.
Dow Jones Industrial Average
The DJIA index went down yesterday as well. The price finished the session below 32900, a little above the S1 support level. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could drop below today’s S1 and reach 32700. But if they do, the price might rise above the Pivot Point and even reach 33000.
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