After a great bullish session, US stocks slip below S1. The prices could fall to S2 if buyers don't generate significant support today.

Yesterday the American indices rose significantly. However, all three American indices are going down deeply today. 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 rose significantly yesterday. The price finished the session slightly above the R2 resistance level, a little below 3,770. However, it is going down heavily today. The price is already below 3,700 and Pivot Point. If the buyers don't generate some serious appetite soon, the price could drop below the S2 support level and 3,680. But if they do, the price might return above 3,720.

S&P 500

 

NASDAQ 100

NASDAQ 100 also rose strongly yesterday. The price finished the session above the R2 resistance level, at 11,580. However, it is going down heavily today. The price is already significantly below the S1 support level and EMA 200. If the buyers don't generate some serious appetite soon, the price could drop below today's S2 and reach 11,200. But if they do, the price might return above 11,400.

NASDAQ 100

 

Dow Jones Industrial Average

The DJIA index rose strongly yesterday as well. The price finished the session above the R2 resistance level, slightly above 30,500. However, it is going down heavily today. Right now the bulls are trying to defend 30,000. If they do it successfully, the price might return above 30,200. But if they fail, the price could drop below the S2 support level and 29,900.

DJIA

 

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