Yesterday the American indices dropped heavily. NASDAQ 100 was the weakest one, it finished the session below the S3 support level and 14900. Today, all three of them are showing mixed sentiment, though. From the data front, all eyes will be focused on the Federal Reserve that will make an update on monetary policy. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 dropped deeply yesterday. The price went down to 4365, then the bulls managed to rise above the EMA 200 in the evening, but it still finished the session below the S1 support level. Today the price is showing mixed sentiment. If the buyers take control over the market, the price might even reach the R1 resistance level. But if the bears show their strength once again, the price could fall below the EMA 200.
NASDAQ 100
NASDAQ 100 was the weakest one yesterday. The price dropped incredibly heavily and finished the session below the S2 support level and 14900. Today, it is showing mixed sentiment, though. If the buyers take control over the market, the price might even return above 15000. But if the bears show their strength once again, the price could fall to 14800.
Dow Jones Industrial Average
The DJIA index also dropped significantly yesterday. The price finished the session below 34900. Today, it is showing mixed sentiment, though. If the buyers take control over the market, the price might rise above the R1 resistance level and return above 35000. But if the bears show their strength once again, the price could fall to the S1 support level.
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