Yesterday the American indices performed differently. The S&P 500 and the NASDAQ 100 rose strongly and set their new all-time highs. On the other hand, the Dow Jones Industrial Average showed mixed sentiment. Today, all three of them are rising significantly. From the data front, the CB consumer confidence index in August will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
Yesterday was another great bullish session for the S&P 500. The price rose high above the R1 resistance level and set the new all-time high. Today the price is going up even more. If the buyers continue generating firm demand, the price might rise above today’s R1 and 4540. But if the bears counterattack, the price could drop to the Pivot Point.
NASDAQ 100
NASDAQ 100 was even stronger yesterday. The price rose high above the R2 resistance level, set the new all-time high and finished the session at 15600. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above today’s R1 and 15700. But if the bears counterattack, the price could drop to the Pivot Point.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment yesterday. Today, the price is rising significantly, though. If the buyers continue generating sufficient demand, the price might rise above the R1 resistance level and reach 35500.But if the bears counterattack, the price could drop to the Pivot Point.
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