Yesterday the American indices managed to rise. Today all three of them are going up even more. From the data front, the GDP in Q2 will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 managed to rise yesterday. The price finished the session above the Pivot Point, a little below 4150. Today it is going up even more. The price is already above the R1 resistance level and 4180. If the buyers continue generating firm demand, the price might rise above today’s R2 and even reach 4200. But if the bears counterattack, the price could return below today’s R1 and 4160.
NASDAQ 100
NASDAQ 100 also managed to rise yesterday. The price finished the session above the Pivot Point, a little above 12940. Today it is going up even more. The price is already above the R1 resistance level and 13050. If the buyers continue generating firm demand, the price might rise above today’s R2 and even reach 13150. But if the bears counterattack, the price could return below today’s R1 and 13000.
Dow Jones Industrial Average
The DJIA index managed to rise a bit yesterday as well. The price finished the session at 33950, a little below the Pivot Point. Today it is going up even more. The price is already above the R1 resistance level and 33200. If the buyers continue generating firm demand, the price might rise above today’s R2 and reach 33300. But if the bears counterattack, the price could return below today’s R1 and 33050.
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