Yesterday, the American indices performed differently. The Dow Jones Industrial Average rose significantly, the NASDAQ 100 dropped a bit and the S&P 500 showed mixed sentiment. Today, all three of them are falling deeply, though. 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 showed mixed sentiment yesterday. First, the price rose strongly. The bulls even almost tested the R2 resistance level. Then it dropped significantly in the evening. In the end, it finished the session a little below 4400. Today, the price is falling heavily, though. Right now it is below the S1 support level. If the buyers don’t generate some serious appetite soon, the price could drop to 4360 today. But if they do, the price might return above the EMA 200.
NASDAQ 100
NASDAQ 100 dropped a bit yesterday. First, the price rose significantly and tested the R1 resistance level. Then it dropped heavily and finished the session slightly above 14900. Today, the price is falling even more. Right now it is below the S1 support level. If the buyers don’t generate some serious appetite soon, the price could drop below the S2 today. But if they do, the price might reach the Pivot Point and the EMA 200.
Dow Jones Industrial Average
The DJIA was definitely the strongest one yesterday. The price rose significantly and finished the session slightly below the R1 resistance level. However, it is falling heavily today. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might rise above the EMA 200. But if they fail, the price could drop to 34700.
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