Yesterday, the American indices performed differently. The S&P 500 and the NASDAQ 100 dropped heavily, but the Dow Jones Industrial Average rose a bit. Today, all three of them are showing mixed sentiment. From the data front, retail sales in June will be published. Anyway, let’s move on to the analysis, S&P 500 first:
The S&P 500 dropped significantly yesterday. The price finished the session below the S1 support level and 4350. Today, the price is showing mixed sentiment. Right now the bulls are attacking the Pivot Point. If they do it successfully, the price might rise above the EMA 200. But if they fail, the price could fall to 4330.
NASDAQ 100 was even weaker yesterday. The price dropped heavily and finished the session a little above the S2 support level. Today, it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 200. But if the bears show their strength once again, the price could even fall below 14700.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. First, the price dropped below the S1 support level, but in the afternoon it rose strongly and finished the session above the Pivot Point. Today, it is showing mixed sentiment. If the buyers show their strength, the price might even reach the R1 resistance level today. But if the bears take control over the market, the price could fall below the EMA 200.