Yesterday the American indices went down. Today all three of them are falling even more. From the data front, all eyes will be focused on the nonfarm payrolls and unemployment rate in June. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday was a really interesting session. First, the S&P 500 dropped below the S3 support level and 4420. Then, in the afternoon, the price started rising significantly. In consequence, it finished the session slightly above 4440. Today the S&P 500 is falling even more. If the buyers don’t generate some serious appetite soon, the price could even drop to 4420 today. But if they do, the price might rise above the Pivot Point and reach 4450.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, the price dropped below the S2 support level and 15120. Then, in the afternoon, it started rising significantly. In consequence, the price finished the session at 15220. Today the NASDAQ 100 is falling even more. The price is already below 15190. If the buyers don’t generate some serious appetite soon, the price could drop to 15150 today. But if they do, the price might reach the Pivot Point and 15230.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First, the price dropped below the S3 support level and 33970. Then, in the afternoon, it started rising significantly. In consequence, the price finished the session a little below the S3, slightly above 34100. Today the Dow Jones Industrial Average is falling even more. The price is already below 34070. If the buyers don’t generate some serious appetite soon, the price could drop below 34000 today. But if they do, the price might reach the Pivot Point.
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