All three US indices are retreating as 2022 comes to an end. If this continues, SPX, NASDAQ, and DJIA will drop to 3840, 10,900, and 33,100 respectively.

Yesterday the American indices rose significantly. Today all three of them are going down, though. 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 good bullish session. The S&P 500 rose strongly and finished the day high above the R1 resistance level, a little below 3870. However, it is going down today. The price is already below the EMA 200. If the buyers don't generate some serious appetite soon, the price could even drop to 3840 today. But if they do, the price might rise above 3870.

spx

 

NASDAQ 100

NASDAQ 100 also rose strongly yesterday. The price finished the session high above the EMA 200, a little below 11,030. However, it is going down today. The price is already below the EMA 200 and 11,000. If the buyers don't generate some serious appetite soon, the price could even drop to 10,900 today. But if they do, the price might rise above 11,050.

nasdaq

 

Dow Jones Industrial Average

The DJIA index rose significantly yesterday as well. The price finished the session above the EMA 200, a little above 33,350. However, it is going down today. The price is already below the EMA 200. If the buyers don't generate some serious appetite soon, the price could even drop to 33,100 today. But if they do, the price might rise above 33,400.

djia

 


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