Yesterday the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average went down, but the NASDAQ 100 showed mixed sentiment. Today, all three of them are showing mixed sentiment. From the data front, the GDP in the second quarter will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday was a really interesting session. First, during the Asian trading session, the S&P 500 reached the Pivot Point and 4335. Then, at the beginning of the European trading session, the price started falling. It even dropped below the S1 support level and 4280 in the early evening. After that, the price started rising once again. In consequence, the S&P 500 finished the session a little above 4320.
During today’s Asian trading session, the price dropped below the Pivot Point and 4310. Then, in the morning, it started rising. If the buyers continue generating sufficient demand, the price might even reach 4340 today. But if the bears counterattack, the price could return below the Pivot Point.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, during the Asian trading session, the price managed to rise above the Pivot Point and 14790. Then, at the beginning of the European trading session, it started falling. The price even dropped below the S1 support level and 14590 in the early evening. After that, it started rising strongly. In consequence, the NASDAQ 100 finished the session slightly below the Pivot Point and 14770.
During the first hours of today’s Asian trading session, the price rose above 14790. Then, it started falling. The price even dropped below the Pivot Point and 14720. After that, it started rising once again. If the buyers continue generating sufficient demand, the price might even reach 14820 today. But if the bears counterattack, the price could even fall to 14700.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First, during the Asian trading session, the price reached the Pivot Point and 34000. Then, at the beginning of the American trading session, it started falling. The price even dropped below the S1 support level and 33550 in the early evening. After that, it started rising once again. In consequence, the Dow Jones Industrial Average finished the session at 33840.
During today’s Asian trading session, the price dropped below the Pivot Point and 33740. Then, in the morning, it started rising. If the buyers continue generating sufficient demand, the price might even reach 33950 today. But if the bears counterattack, the price could even fall below 33700.
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