US indices are moving in a tight ranges due to the Thanksgiving holiday. Despite lacking volatility, the bulls are trying to defend S1. What will happen next?

Yesterday the American indices managed to rise a bit. The volatility was rather low though because the US market was closed due to Thanksgiving Day. Today all three of them are going down, though. 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 managed to rise a bit yesterday. The price finished the session slightly below 4,040. However, it is going down today. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might even reach 4,050 and the R1 resistance level. But if they fail, the price could drop below today's S2 and 4,030.

spx

 

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NASDAQ 100

NASDAQ 100 also managed to rise a bit yesterday. The price finished the session at 19,920. However, it is going down today. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might even reach the R1 resistance level. But if they fail, the price could drop below today's S2 and 11,850. But, it will still be above EMA 200.

Nasdaq

 

Dow Jones Industrial Average

The DJIA index showed mixed sentiment yesterday. The price finished the session a little above 34,250. Today, it is going down slowly. If the buyers don't generate some serious appetite, the price could drop below the S1 support level and reach 34,200. But if they do, the price might reach 34,300 and the R1 resistance level.

djia

 

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