After a great bullish session yesterday, US stocks take a nosedive today. If buyers don't show support soon, the prices might fall even further at the end of the day.

Yesterday all three American indices rose significantly. However, they 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

The S&P 500 rose strongly yesterday. The price finished the session above the R2 resistance level, at 4,090. However, it is going down today. If the buyers don't generate some serious appetite soon, the price could even drop to the S1 support level and 4,030. But if they do, the price might reach 4,100 today.

S&P 500

 

NASDAQ 100

NASDAQ 100 also rose strongly yesterday. The price finished the session significantly above the R1 resistance level, at 12,580. However, it is going down today. If the buyers don't generate some serious appetite soon, the price could even drop to the EMA 200 and the S1 support level. But if they do, the price might reach 12,600 today.

Nasdaq 100

 

Dow Jones Industrial Average

The DJIA index rose strongly yesterday as well. The price finished the session significantly above the R1 resistance level, slightly above 32600. However, it is going down today. The price is already below Pivot Point and 32,500. If the buyers don't generate some serious appetite soon, the price could even drop to the EMA 200 and the S1 support level. But if they do, the price might reach 32,700.

DJIA

 

 


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