Yesterday, the American indices rose strongly. NASDAQ 100 was the strongest one, it finished the session at the R2 resistance level and set the new all-time high. Today, all three of them are showing mixed sentiment. From the data front, manufacturing PMI, markit composite PMI and services PMI in June and also new home sales in May will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 rose significantly yesterday. The price finished the session slightly above 4235. Today, the S&P 500 is showing mixed sentiment. If the bulls show their strength once again, the price might reach the R1 resistance level today. But if the bears take control over the market, 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 at the R2 resistance level. Today, it is showing mixed sentiment, though. If the bulls show their strength once again, the price might rise above 14300 today. But if the bears take control over the market, the price could drop to the Pivot Point.
Dow Jones Industrial Average
The DJIA index rose a little yesterday. The volatility didn’t increase and the price finished the session slightly above 33800. Today, it is showing mixed sentiment. If the bulls show their strength, the price might rise above the R1 resistance level and 34000. But if the bears take control over the market, the price could even drop to the S1 support level.
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