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 slightly below 4010. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could even reach the S1 support level and 3980 today. But if they do, the price might return above the EMA 200 and reach 4010.
NASDAQ 100
NASDAQ 100 also went down yesterday. The price finished the session a little above the EMA 200. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop below 11690 and reach the S1 support level. But if they do, the price might return above the EMA 200 and reach 11800.
Dow Jones Industrial Average
The DJIA index went down a bit yesterday as well. The price finished the session a little above 34050. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop below 33900 and reach the S1 support level. But if they do, the price might return above the EMA 200 and reach 34100.
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