After a good session yesterday, indices starting to decline today. If the sellers continue to take over the market, NASDAQ and SPX will land below EMA 200.

Yesterday the American indices rose significantly. However, all three of them are going down today. 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 significantly and finished the session exactly at the EMA 200, a little below the R2 resistance level, slightly above 3,920. However, it is going down today. If the buyers don't generate some serious appetite, the price could even drop to 3,900 and the Pivot Point. But if they do, the price might reach 3,940.

S&P 500

 

NASDAQ 100

NASDAQ 100 also rose strongly yesterday. The price finished the session a little above the EMA 200, slightly below the R2 resistance level and 12,050. However, it is going down today. If the buyers don't generate some serious appetite, the price could even drop below Pivot Point and reach 19,050. But if they do, the price might reach 12,100.

NASDAQ 100

 

Dow Jones Industrial Average

The DJIA index rose strongly yesterday as well. The price finished the session slightly above the EMA 200, a little below the R2 resistance level and 31,150. However, it is going down today. If the buyers don't generate some serious appetite, the price could drop to 31,000. But if they do, the price might even reach 31,300.

DJIA

 

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