Dow, S&P 500, and NASDAQ 100 fall heavily beyond the S1 level following a big drop in technology, banks, companies, energy, and industrial stocks.

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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 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 4,320. Today, it is falling even more. The price is already below today's S1 and 4,300. If the buyers don't generate some serious appetite soon, the price could drop below 4,290 today. But if they do, the price might return above 4,300.

s&p 500 today

 

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 Pivot Point today. But if they fail, the price could go down below 14,600.

nasdaq 100 today

 

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 34,000 today. But if they do, the price might return above the S1.

djia today

 


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