Yesterday, the American indices performed differently. The S&P 500 and NASDAQ 100 dropped heavily. On the other hand, the Dow Jones Industrial Average showed mixed sentiment. Today, all three of them are falling even more. From the data front, the JOLTs job openings in March will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 dropped heavily yesterday. The price finished the session at the S2 support level. Today it is falling even more. Right now the bears are attacking today’s S1. If they do it successfully, the price could drop and stay below 4150 today. But if the buyers finally generate some serious appetite, the price might even rise to the EMA 200.
NASDAQ 100
NASDAQ 100 was even weaker yesterday. The price finished the session significantly below the S2 support level, a little above 13300. Today it is falling even more. Right now the bears are attacking today’s S1. If they do it successfully, the price could even drop to 13000 today. But if the buyers finally generate some serious appetite, the price might even rise to the Pivot Point.
Dow Jones Industrial Average
The DJIA index was much stronger than the others yesterday. It showed mixed sentiment. First the price rose above the R2 resistance level and set the new all-time high. Then, in the afternoon, it dropped, but still finished the day above the Pivot Point. However, it is falling even more today. Right now the bears are attacking today’s S1 support level. If they do it successfully, the price could even drop to the S2 today. But if the bulls manage to defend that level, the price might rise to the Pivot Point.
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