All three US indices are showing negative sentiment today. NASDAQ is trying to defend Pivot while SPX and DJIA are still going down. What's next?

Yesterday was a really volatile session. In the end, the American indices went down a bit. Today all three American indices are falling. What can they do next? Let's try to answer that question in an analysis. S&P 500 first:

 

S&P 500

Yesterday was a really volatile session. First, the S&P 500 dropped significantly below the S2 support level. Then, in the afternoon, it managed to rise. In consequence, the price finished the session at 3,960, a little above the EMA 200. Today it is going down, though. If the buyers don't generate some serious appetite soon, the price could fall below 3,930 today. But if they do, the price might rise above the EMA 200 and 3,960.

spx

 

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NASDAQ 100

NASDAQ 100 also was really volatile yesterday. First, the price dropped below the S2 support level. Then, in the afternoon, it managed to rise. In consequence, the price finished the session above the EMA 200, slightly below 11,750. Today it is going down, though. Right now the bulls are trying to defend Pivot Point and 11,700. If they do it successfully, the price might rise above 11,760 today. But if they fail, the price could fall below 11,650.

nasdaq

 

Dow Jones Industrial Average

The DJIA index was really volatile yesterday as well. First, the price dropped significantly below the S2 support level. Then, in the afternoon, it managed to rise. In consequence, the price finished the session at 35,580. Today it is going down, though.  If the buyers don't generate some serious appetite soon, the price could fall to 33,400 today. But if they do, the price might rise above 33,600.

djia

 


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