Yesterday, the American indices performed differently one more time. The S&P 500 was the strongest one, it set the new all-time high, rose above 4300 and finished the session at the R2 resistance level. The Dow Jones Industrial Average also managed to go up a bit, but the NASDAQ 100 slightly dropped. Today, all three indices are rising slowly, though. From the data front, nonfarm payrolls and unemployment rate in June will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
Yesterday was a great bullish session for the S&P 500. The price set the new all-time high and rose above the 4300 for the first time ever. Moreover, it finished the session at the R2 resistance level. Today, the price is rising even more. If the buyers continue generating sufficient demand, the price might rise above 4320 today. But if the bears counterattack, the price could drop to the Pivot Point.
NASDAQ 010
NASDAQ 100 was much weaker yesterday. First the price managed to rise above the 14600 for the first time ever and set the new all-time high, but then it dropped and finished the session below the Pivot Point. Today, the price is rising though. If the buyers continue generating firm demand, the price might reach the R1 resistance level and set the new all-time high today. But if the bears counterattack, the price could fall to the EMA 200.
Dow Jones Industrial Average
The DJIA index rose a bit yesterday. The price finished the session above 34500. Today, it is rising even more. If the buyers continue generating sufficient demand, the price might reach the R1 resistance level today. But if the bears counterattack, the price could fall below the Pivot Point.
SSL Secured