NASDAQ, S&P 500, and Dow slip following Moderna CEO's statement that the current vaccines might be less effective against heavily-mutated Omicron variant.

Yesterday the American indices managed to rise. The NASDAQ 100 was the strongest one, it finished the session high above the R1 resistance level and the EMA 200. However, all three of them are falling deeply today. From the data front, the CB consumer confidence in November will be published. Anyway, let's start the analysis, S&P 500 first:

 

S&P 500

Yesterday was a good bullish session. The S&P 500 rose significantly and finished the day slightly below the R1 resistance level and the EMA 200. However, it is falling deeply today. The price is already below the S1 support level. Right now the bulls are trying to defend 4,600. If they do it successfully, the price might reach Pivot Point. But if they fail, the price could drop below the S2.

s&p 500 today

 

NASDAQ 100

NASDAQ 100 was the strongest one yesterday. The price rose strongly and finished the session high above the R1 resistance level and the EMA 200, slightly above 16,400. However, it is going down today. Right now the bulls are trying to defend the Pivot Point. If they do it successfully, the price might return above 16,400. But if they fail, the price could drop below 16,200 and reach the S1 support level.

nasdaq 100 today

 

Dow Jones Industrial Average

The DJIA index managed to rise a bit yesterday. The price finished the session slightly above 35,100. However, it is falling deeply today. The price is already below the S2 support level and 34,600. If the buyers don't generate some serious appetite, the price could drop below 34,300 today. But if they do, the price might reach 35,000 today.

djia today

 


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