Yesterday, nothing really happened. The American indices showed mixed sentiment and the volatility was really low, because the market was closed due to the Independence Day. On Friday, the S&P 500 and NASDAQ 100 managed to set their new all-time highs though, and the Dow Jones Industrial Average is getting close to its ATH. Today, all three of them are still showing mixed sentiment. From the data front, the ISM non-manufacturing PMI in June will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 showed mixed sentiment yesterday and the volatility was really low. It means that the price finished the session above 4340. Today, the S&P 500 is still showing mixed sentiment. Right now the bulls are trying to stay above the Pivot Point and 4340. If they do it successfully, the price might rise above the R1 resistance level today, reach 4350 and set the new all-time high. But if they fail, the price could even drop to the S2 support level.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment and very low volatility yesterday. The price finished the session slightly below 14700. Today, still nothing really happens. If the buyers show their strength, the price might rise above the R1 resistance level and set the new all-time high. But if the bears take control over the market, the price could drop to the S2 support level.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment and low volatility yesterday as well. Moreover, today still nothing really happens. If the buyers show their strength, the price might rise above 34800 and set the new all-time high. But if the bears take control over the market, the price could drop to the S2 support level and the EMA 200.
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