Yesterday the S&P 500 and the Dow Jones Industrial Average managed to rise a bit, but the volatility was rather low. On the other hand, the NASDAQ 100 rose strongly and finished the session above the R2 resistance level. Today, the American indices are slightly rising, but the volatility is really low. From the data front, manufacturing PMI, markit composite PMI and services PMI in July will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 managed to rise a bit yesterday. It finished the session at the R1 resistance level and 4370. Today, the price is slightly going up, but the volatility is really low. If the buyers continue generating sufficient demand, the price might rise above the R1. But if the bears counterattack, the price could even drop to the S1 support level.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. The price finished the session high above the R2 resistance level. Today, it is showing mixed sentiment and the volatility is really low, though. If the buyers show their strength once again, the price might rise above 15000 and set the new all-time high. But if the bears take control over the market, the price could drop to the S1 support level.
Dow Jones Industrial Average
The DJIA index managed to rise a little bit yesterday. Today, the price is still slightly going up, but the volatility is really low. If the buyers continue generating sufficient demand, the price might rise above the R1 resistance level. But if the bears counterattack, the price could even drop to the S1 support level.
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