The bears continue to push US indices today. If buyers don't show support soon, SPX and NASDAQ will reach S1 while Dow Jones slips below EMA 200.

On Friday the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average managed to rise, but the NASDAQ 100 showed mixed sentiment. Today all three of them are going down, 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 managed to rise on Friday. The price finished the last session of the week slightly above 3,970. However, it is going down today. The price is already below the EMA 200. If the buyers don't generate some serious appetite soon, the price could drop below the S1 support level and reach 3,940. But if they do, the price might return above Pivot Point and 3,970.

spx

 

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NASDAQ 100

NASDAQ 100 was the weakest one on Friday. The price showed mixed sentiment and finished the last session of the week slightly above the Pivot Point and 11,700. Today, it is going down, though. If the buyers don't generate some serious appetite soon, the price could drop below 11,600 and reach the S1 support level. But if they do, the price might rise above 11,700 and reach the EMA 200 and The Pivot Point.

nasdaq

 

Dow Jones Industrial Average

The DJIA index was the strongest one on Friday. The price rose significantly and finished the last session of the week slightly below the R1 resistance level and 33,800. However, it is going down today. If the buyers don't generate some serious appetite soon, the price could drop below the EMA 200 and 33,600. But if they do, the price might return above the Pivot Point and 33,700.

djia

 

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