Yesterday the American indices managed to rise a bit. However, all three of them are falling today. 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 a bit yesterday. The price finished the session slightly below 4180. Today, it is going down, though. Right now the bulls are trying to defend the S2 support level. If they do it successfully, the price might bounce and return above 4150. But if they fail, the price could drop below 4100.
NASDAQ 100
NASDAQ 100 also managed to rise yesterday. The price finished the session a little below the R1 resistance level, slightly above 12800. However, it is going down today. The price is already below the S1 support level. If the buyers don’t generate some serious appetite soon, the price could drop below today’s S2 and 12500. But if they do, the price might return above 12800.
Dow Jones Industrial Average
The DJIA index managed to rise a bit yesterday as well. The price finished the session above 33200. Today, it is going down, though. Right now the bulls are trying to defend 33000. If they do it successfully, the price might bounce and return above 33100 and the S1 support level. But if they fail, the price could drop below 32800.
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