Yesterday, the American indices rose strongly. The S&P 500 and the Dow Jones Industrial Average finished the session high above their R1 resistance levels, and the NASDAQ 100 rose above the Pivot Point and 14100. Today, all three of them are showing mixed sentiment. From the data front, existing home sales in May 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 rose high above the R1 resistance level and the EMA 200. Today, it is showing mixed sentiment and the volatility is rather low. If the bulls show their strength once again, the price might even reach the R1 and 4250 today. But if the bears take control over the market, the price could fall to the Pivot Point.
NASDAQ 100
NASDAQ 100 also rose significantly yesterday. The price finished the session above 14100. However, it is going down a bit today. If the buyers don’t generate some appetite soon, the price could drop below the EMA 200. But if they do, the price might even reach the R1 resistance level and 14200 today.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session high above the R1 resistance level and the EMA 200. Today, it is showing mixed sentiment and the volatility is rather low. If the bulls show their strength once again, the price might rise above 13400 today. But if the bears take control over the market, the price could fall to the Pivot Point.
SSL Secured