Yesterday the American indices once again performed differently. The Dow Jones Industrial Average and the S&P 500 rose strongly and set their new all-time highs. On the other hand, the NASDAQ 100 dropped a bit. Today, the S&P 500 and NASDAQ 100 are going down a bit, but the DJIA index is showing mixed sentiment. From the data front, the PPI index in July will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
Yesterday was a great bullish session. The S&P 500 rose significantly, set the new all-time high and finished the session above the R1 resistance level. Today, the price is slowly going down, though. If the buyers don’t generate some serious appetite soon, the price could drop below the Pivot Point. But if they do, the price might rise above 4450 and set the new all-time high.
NASDAQ 100
NASDAQ 100 dropped a bit yesterday. The bears even tested the S1 support level, but they weren’t strong enough to stay below that level, so the price finished the session slightly above 15000. Today, it is going down even more. If the buyers don’t generate some serious appetite soon, the price could even fall to 14900. But if they do, the price might rise above the Pivot Point.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. The price rose strongly, set the new all-time high and finished the session high above the R2 resistance level. Today, it is showing mixed sentiment and the volatility is rather low, though. If the buyers show their strength once again, the price might even reach 35500 today. But if the bears take control over the market, the price could drop below the Pivot Point.
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