All three US Indices are on a downward slope today. If buyers don't generate support soon, SPX and NASDAQ will reach S1, while DJIA sink to 33,200.

Yesterday the American indices managed to rise. However, all three of them are going down today. From the data front, the ADP nonfarm employment change in December will be published. Anyway, let's move on to the analysis. S&P 500 first:

 

S&P 500

The S&P 500 managed to rise yesterday. The price finished the session a little above 3870. However, it is going down today. If the buyers don't generate some serious appetite soon, the price could reach the S1 support level and 3840. But if they do, the price might return above Pivot Point and reach 3870.

spx

 

NASDAQ 100

NASDAQ 100 also managed to rise a bit yesterday. The price finished the session a little below the EMA 200 and the Pivot Point, slightly above 10,980. However, it is going down today. If the buyers don't generate some serious appetite soon, the price could drop below 10,900 and reach the S1 support level. But if they do, the price might rise above the EMA 200 and reach 11,000.

nasdaq

 

Dow Jones Industrial Average

The DJIA index managed to rise yesterday as well. The price finished the session a little above 33,380. However, it is going down today. If the buyers don't generate some serious appetite soon, the price could drop to 33,200. But if they do, the price might return above Pivot Point and reach 33,380.

djia

 


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