On Friday, the American indices dropped heavily. NASDAQ 100 finished the last session of the week at the S1 support level, and the other two indices went down even deeper. 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 dropped heavily on Friday. The price finished the last session of the week below the S1 support level, near 4320. Today, it is falling even more. The price is already below today’s S1 and 4300. If the buyers don’t generate some serious appetite soon, the price could drop below 4290 today. But if they do, the price might return above 4300.
NASDAQ 100
NASDAQ 100 also dropped significantly on Friday. The price finished the last session of the week at the S1 support level. During the first hours of today’s Asian trading session it fell even more, but then it started rising a bit. If the buyers continue generating sufficient demand, the price might reach the Pivot Point today. But if they fail, the price could go down below 14600.
Dow Jones Industrial Average
The DJIA index dropped heavily on Friday as well. The price finished the last session of the week a little above the S2 support level. Today, it is falling even more. The price is already significantly below today’s S1. If the buyers don’t generate some serious appetite soon, the price could even drop to 34000 today. But if they do, the price might return above the S1.
SSL Secured