Yesterday, the American indices performed differently. The Dow Jones Industrial Average and the S&P 500 dropped significantly, but the NASDAQ 100 rose strongly and set the new all-time high. Today, all three of them are rising strongly, though. From the data front, the JOLTs job openings in May will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 was really volatile yesterday. First, during the Asian trading session, the price tested the R1 resistance level. Then it started going down. In the afternoon, the price even dropped below the S3 support level. In the evening, the bulls counterattacked and the price finished the session at 4330, below the S1. Today, it is rising strongly, though. If the buyers continue generating firm demand, the price might rise above the R1 today and set the new all-time high. But if the bears counterattack, the price could fall below the Pivot Point.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. The price rose significantly, set the new all-time high and finished the session high above the R2 resistance level. Today, it is rising even more. The price is already above 14800 and right now the bulls are attacking the R1. If they do it successfully, the price might even reach 14850 today. But if they fail, the price could drop below 14800.
Dow Jones Industrial Average
The DJIA index dropped heavily yesterday. The price finished the session slightly above the S3 support level yesterday. Today, it is rising, though. The price is already above the Pivot Point and right now the bulls are attacking the EMA 200. If they do it successfully, the price might even reach the R1 resistance level today. But if they fail, the price could fall to 34300.
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