All American indices continue to fall significantly. If buyers don't generate enough support soon, the prices will plummet even deeper.

Yesterday the American indices went down significantly. Today all three of them are falling even more. 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 dropped significantly yesterday. The price finished the session slightly above 3,900 and the S2 support level. Today it is going down even more. If the buyers don't generate some serious appetite soon, the price could fall below 3,870 today. But if they do, the price might return above 3,900.

S&P 500

 

NASDAQ 100

NASDAQ 100 also dropped significantly yesterday. The price finished the session significantly below the S1 support level, at 11,950. Today it is going down even more. The price is already below 11,900. If the buyers don't generate some serious appetite soon, the price could fall below 11,800. But if they do, the price might reach 12,000.

NASDAQ

 

Dow Jones Industrial Average

The DJIA index dropped significantly yesterday as well. The price finished the session slightly below the S1 support level and 31,000. Today it is going down even more. The price is already below 30,900 If the buyers don't generate some serious appetite soon, the price could even fall below 30,700. But if they do, the price might rise above 31,000 and reach Pivot Point.

DJIA

 


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