Yesterday was a really volatile session. In the end, the American indices went down a bit. Today all three American indices are falling. 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 volatile session. First the S&P 500 dropped significantly below the S2 support level. Then, in the afternoon, it managed to rise. In consequence, the price finished the session at 3960, a little above the EMA 200. Today it is going down, though. If the buyers don’t generate some serious appetite soon, the price could fall below 3930 today. But if they do, the price might rise above the EMA 200 and 3960.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First the price dropped below the S2 support level. Then, in the afternoon, it managed to rise. In consequence, the price finished the session above the EMA 200, slightly below 11750. Today it is going down, though. Right now the bulls are trying to defend the Pivot Point and 11700. If they do it successfully, the price might rise above 11760 today. But if they fail, the price could fall below 11650.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First the price dropped significantly below the S2 support level. Then, in the afternoon, it managed to rise. In consequence, the price finished the session at 35580. Today it is going down, though. If the buyers don’t generate some serious appetite soon, the price could fall to 33400 today. But if they do, the price might rise above 33600.
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