Yesterday the American indices went down. 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 yesterday. The price finished the session slightly below 3680. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop below 3650 and even reach the S1 support level. But if they do, the price might rise above 3690 and reach the EMA 200 and the Pivot Point.
NASDAQ 100
NASDAQ 100 also went down yesterday. The price finished the session at 11060. Today it is falling even more. If the buyers don’t generate some serious appetite soon, the price could drop below 10950. But if they do, the price might rise above the EMA 200 and the Pivot Point.
Dow Jones Industrial Average
The DJIA index went down yesterday as well. The price finished the session a little above 30400. Today it is falling even more. The price is already below the EMA 200. If the buyers don’t generate some serious appetite soon, the price could drop below 30200 and even reach the S1 support level. But if they do, the price might reach the Pivot Point and 30500.
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