Yesterday, the American indices dropped heavily once again this week. All three of them finished the session near their S1 support levels. During today’s Asian trading session, they slightly rose, though. From the data front, there will be many important publications in the US, such as manufacturing PMI, services PMI and markit composite PMI in April, and new home sales in March. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 dropped significantly yesterday. The price went down heavily in the evening and finished the session slightly above the S1 support level. During today’s Asian session it rose a bit, but this morning it started falling once more. If the buyers don’t generate some serious demand soon, the price could even drop to 4100. But if they do, the price might rise above the EMA 200.
NASDAQ 100
NASDAQ 100 looked almost the same as the S&P 500 yesterday. The price went down heavily in the evening and finished the session slightly above the S1 support level. During today’s Asian session it rose a bit, but this morning it started falling once more. If the buyers don’t generate some serious demand soon, the price could drop below 13700. But if they do, the price might rise above the EMA 200.
Dow Jones Industrial Average
The DJIA index was also very similar to the other two indices yesterday. The price went down heavily in the evening and finished the session a little below the S1 support level. During today’s Asian session it rose a bit, but this morning it started falling once more. If the buyers don’t generate some serious demand soon, the price could even drop to 33500. But if they do, the price might rise above the EMA 200.
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