NASDAQ, S&P 500, and Dow sink following the discovery of the first Omicron case in the US. Investors fear the new variant may slow down global recovery.

Yesterday the American indices dropped heavily once again. All three of them finished the session significantly below their S1 support levels. Today they are rising strongly, though. What can they do next? Let's try to answer that question in analysis, S&P 500 first:

 

S&P 500

The S&P 500 dropped heavily yesterday. The price finished the session significantly below the S1 support level, slightly above 4,500. However, it is rising today. If the buyers continue generating firm demand, the price might rise above Pivot Point and 4,560. But if the bears counterattack, the price could fall to 4,500.

s&p 500 today

 

NASDAQ 100

NASDAQ 100 also dropped deeply yesterday. The price finished the session at the S2 support level, below 15,900. However, it is rising today. If the buyers continue generating firm demand, the price might rise above the Pivot Point and reach 16,100. But if the bears counterattack, the price could go down to 15,800.

nasdaq 100 today

 

Dow Jones Industrial Average

The DJIA index went down heavily yesterday as well. The price finished the session significantly below the S1 support level, a little above 34,000. However, it is rising today. The price is already above 34,200. If the buyers continue generating firm demand, the price might reach 34,500 today. But if the bears counterattack, the price could even drop below 34,000.

djia today

 

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