Yesterday the American indices dropped heavily. 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 dropped deeply yesterday. The price finished the session at the S2 support level, slightly below 4100. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below today’s S1 and 4060. But if they do, the price might return above 4080.
NASDAQ 100
NASDAQ 100 also dropped heavily yesterday. The price finished the session slightly above the S2 support level and 12460. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below today’s S1 and 12300. But if they do, the price might return above 124000.
Dow Jones Industrial Average
The DJIA index dropped deeply yesterday as well. The price finished the session slightly below the S2 support level, at 33720. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below 33500 and today’s S1. But if they do, the price might return above 33600.
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