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 September. Anyway, let’s move on to the analysis, S&P 500 first:
The S&P 500 dropped significantly yesterday. The price finished the session at the EMA 200 and 3750. Today it is still going down. If the buyers don’t generate some serious appetite soon., the price could fall to the S1 support level and 3720. But if they do, the price might reach the Pivot Point and 3770.
NASDAQ 100 also went down yesterday. The price finished the session a little above the EMA 200 and 11500. Today it is still falling. If the buyers don’t generate some serious appetite soon. the price could fall to today’s S1 and 11400. But if they do, the price might reach the Pivot Point.
Dow Jones Industrial Average
The DJIA index dropped significantly yesterday as well. The price finished the session slightly below the S1 support level, a little above 29950, at the EMA 200. Today it is showing mixed sentiment. If the buyers take control over the market, the price might reach the Pivot Point and 30100. But if the bears take control over the market, the price could drop below 29800.