Yesterday the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average showed mixed sentiment, but the NASDAQ 100 went down. Today, all three of them are falling, though. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Yesterday was a really interesting session. First, the S&P 500 dropped below the S1 support level and 4370. Then, at the beginning of the American trading session, the price started rising strongly. It even went up above 4420 in the late afternoon. After that, the price started falling once again, though. In consequence, the S&P 500 finished the session at 4400.
During the first hours of today’s Asian trading session, the price reached 4385. Then, it started rising. The price even went up above the Pivot Point in the morning. After that, at the beginning of the European trading session, it started falling once again. If the buyers don’t generate some serious appetite soon, the price could drop below 4380 today. But if they do, the price might even rise above 4005.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, the price dropped significantly below the S1 support level and reached 15050. Then, at the beginning of the American trading session, it started rising significantly. The price even went up above 15300 in the late afternoon. After that, it started falling once again, though. In consequence, the NASDAQ 100 finished the session a little above the EMA 200 and 15240.
During today’s Asian trading session, the price dropped below the Pivot Point and 15170. Then, it started rising. Right now the bulls are attacking 15200. If they do it successfully, the price might go up above the EMA 200 and 15250 today. But if they fail, the price could fall below 15150.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First, the price dropped below 33970. Then, at the beginning of the American trading session, it started rising significantly. The price even reached 34300 in the late afternoon. After that, it started falling once again, though. In consequence, the Dow Jones Industrial Average finished the session slightly below 34150.
During the first hours of today’s Asian trading session, the price reached 34050. Then, it started rising. The price even went up above the Pivot Point and reached 34150 in the morning. After that, at the beginning of the European trading session, it started falling once again. If the buyers don’t generate some serious appetite soon, the price could drop to the EMA 200 and 34000 today. But if they do, the price might even reach 34200.
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