All three US indices move slowly after a deep fall yesterday. If the buyers don't take control of the markets, prices will continue to plummet.

Yesterday the American indices dropped deeply. Today all three of them are showing mixed sentiment and the volatility is rather low. 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 shocking session. The S&P 500 dropped deeply and finished the day significantly below the S3 support level, at 3,935. Today it is showing mixed sentiment and the volatility is rather low. If the buyers take control of the market, the price might even reach 3,970. But if the bears show their strength once again, the price could fall below 3,920.

S&P 500

 

NASDAQ 100

NASDAQ 100 also dropped deeply yesterday. The price finished the session below the S4 support level, at 12,050. Today it is showing mixed sentiment below EMA 200. If the buyers take control of the market, the price might reach 12,200. But if the bears show their strength once again, the price could fall below 12,000.

NASDAQ

 

Dow Jones Industrial Average

The DJIA index dropped deeply yesterday as well. The price finished the session below the S4 support level, a little below 31,150. Today it is showing mixed sentiment and the volatility is rather low. If the buyers take control of the market, the price might rise above 31,300. But if the bears show their strength once again, the price could fall below 31,000.

DJIA

 


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