Yesterday the American indices showed mixed sentiment and the volatility didn’t increase. Today, all three of them are rising significantly, though. 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 showed mixed sentiment and the volatility was significantly lower than in previous days. The price finished the session slightly below 4360. However, the price is rising strongly today. It’s already above the R1 resistance level. If the buyers continue generating firm demand, the price might rise above 4400 today. But if the bears counterattack, the price could drop to the Pivot Point.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. The price finished the session exactly at the same level as it began. It is rising today, though. If the buyers continue generating firm demand, the price might even reach the R2 resistance level and 15000. But if the bears counterattack, the price could drop below the Pivot Point.
Dow Jones Industrial Average
The DJIA index managed to slightly rise yesterday. The price finished the session above 34300. Today it is rising significantly, though. The price is already above the R1 resistance level and the EMA 200. If the buyers continue generating firm demand, the price might rise high above the R2. But if the bears counterattack, the price could drop to the Pivot Point.
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