Yesterday was a great bullish session for the American indices. All three of them finished the day above their R1 resistance levels. Today, the S&P 500 and the Dow Jones Industrial Average are showing mixed sentiment, but the NASDAQ 100 is still rising. From the data front, existing home sales in June and weekly initial jobless claims will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
Yesterday was another great bullish session for the S&P 500. The price finished the day above the R1 resistance level and 4350. Today, it is showing mixed sentiment and the volatility is really low. If the buyers show their strength once again, the price might reach the R1 today. But if the bears take control over the market, the price could drop below the Pivot Point.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session a little above the R1 resistance level. Today, it is rising even more. If the buyers continue generating firm demand, the price might rise above 14900 today. But if the bears counterattack, the price could drop to the Pivot Point.
Dow Jones Industrial Average
The DJIA index rose significantly yesterday as well. The price also finished the day above the R1 resistance level. Today, it is showing mixed sentiment and the volatility is really low. If the buyers show their strength once again, the price might rise above the R1. But if the bears take control over the market, the price could drop below the Pivot Point.
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