Dow, NASDAQ, and S&P 500 trade mixed near EMA 200 as investors worry over the slowdown of global growth since new COVID variant strikes.

Yesterday, the American indices dropped significantly. All three of them finished the session below their S1 support levels. Today, they are showing mixed sentiment. 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 dropped deeply yesterday. The price finished the session a little above the S2 support level, at 4,310. Today, it is showing mixed sentiment. Right now the bulls are attacking the Pivot Point. If they do it successfully, the price might even reach the R1 resistance level today. But if they fail, the price could fall below 4,300.

s&p 500 today

 

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NASDAQ 100

NASDAQ 100 also dropped significantly yesterday. The price finished the session below the S1 support level, a little above 14,700. Today, it is showing mixed sentiment. Right now the bulls are trying to stay above the EMA 200. If they do it successfully, the price might even reach the R1 resistance level today. But if they fail, the price could fall to the S1.

nasdaq 100 today

 

Dow Jones Industrial Average

The DJIA index dropped heavily yesterday as well. The price finished the session slightly above the S2 support level. Today, it is rising a bit, though. If the buyers continue generating sufficient demand, the price might even reach the R1 resistance level today. But if they fail, the price could fall to 34,000.

djia today

 

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