Yesterday was an extremely volatile session. In the end all three American indices rose strongly and finished the day above their R2 resistance levels. Today the S&P 500 and the Dow Jones Industrial Average are showing mixed sentiment, but NASDAQ 100 is going down. From the data front, the GDP in Q2 will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
Yesterday was an amazing bullish session. The S&P 500 rose strongly and finished the session high above the R2 resistance level, a little above 4020. Today it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might go up above 4040 today. But if the bears take control over the market, the price could drop below the Pivot Point and 4000.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session high above the R2 resistance level, a little below 12580. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below the Pivot Point and 12500. But if they do, the price might rise above 12600.
Dow Jones Industrial Average
The DJIA rose strongly yesterday as well. The price finished the session high above the R2 resistance level, at 32140. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even reach 32300 today. But if the bears take control over the market, the price could drop below the Pivot Point and reach 32000.
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