Negative sentiments take over the US markets today. If prices continue to decrease, SPX, DJIA, and NASDAQ will reach S1.

Yesterday the American indices went down a bit. 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 went down a bit yesterday. The price finished the session slightly below 4,010. Today it is falling even more. If the buyers don't generate some serious appetite soon, the price could even reach the S1 support level and 3,980 today. But if they do, the price might return above the EMA 200 and reach 4,010.

spx

 

NASDAQ 100

NASDAQ 100 also went down yesterday. The price finished the session a little above the EMA 200. Today it is falling even more. If the buyers don't generate some serious appetite soon, the price could drop below 11,690 and reach the S1 support level. But if they do, the price might return above the EMA 200 and reach 11,800.

nasdaq

 

Dow Jones Industrial Average

The DJIA index went down a bit yesterday as well. The price finished the session a little above 34,050. Today it is falling even more. If the buyers don't generate some serious appetite soon, the price could drop below 33,900 and reach the S1 support level. But if they do, the price might return above the EMA 200 and reach 34,100.

djia

 


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