Yesterday the American indices dropped significantly. Today all three of them are going down 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 heavily yesterday. The price finished the session below the EMA 200, at 4040. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and reach 4010. But if they do, the price might reach the EMA 200.

SP 500

NASDAQ 100

NASDAQ 100 also dropped heavily yesterday. The price finished the session at the EMA 200, a little below 11990. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and reach 11850. But if they do, the price might rise above the EMA 200 and reach 12000.

NASDAQ 100

Dow Jones Industrial Average

The DJIA index dropped significantly yesterday as well. The price finished the session below the EMA 200, at 33800. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and reach 33600. But if they do, the price might reach the EMA 200.

Dow Jones