Yesterday, the American indices dropped significantly. All three of them finished the session below their S1 support levels. Today, they are showing mixed sentiment. What can they do next? Let’s try to answer that question in analysis, S&P 500 first:
S&P 500
The S&P 500 dropped deeply yesterday. The price finished the session a little above the S2 support level, at 4310. Today, it is showing mixed sentiment. Right now the bulls are attacking the Pivot Point. If they do it successfully, the price might even reach the R1 resistance level today. But if they fail, the price could fall below 4300.
NASDAQ 100
NASDAQ 100 also dropped significantly yesterday. The price finished the session below the S1 support level, a little above 14700. Today, it is showing mixed sentiment. Right now the bulls are trying to stay above the EMA 200. If they do it successfully, the price might even reach the R1 resistance level today. But if they fail, the price could fall to the S1.
Dow Jones Industrial Average
The DJIA index dropped heavily yesterday as well. The price finished the session slightly above the S2 support level. Today, it is rising a bit, though. If the buyers continue generating sufficient demand, the price might even reach the R1 resistance level today. But if they fail, the price could fall to 34000.
SSL Secured