Yesterday, the American indices showed mixed sentiment, but the volatility was really low. Today, all three of them are rising slightly, though. From the data front, there will be many important publications, such as the Q1 GDP, core durable goods orders in May and weekly initial jobless claims. Anyway, let’s move on to the analysis, S&P 500 first:
The S&P 500 showed mixed sentiment yesterday. However, the volatility was really low, so nothing really happened. Today, the price is slightly going up, though. Right now the bulls are attacking the R1 resistance level. If they do it successfully, the price might rise above 4250 today. But if they fail, the price could drop below the S1 support level and reach the EMA 200.
NASDAQ 100 also showed mixed sentiment yesterday. However, the price managed to reach 14300 and set the new all-time high. Today, NASDAQ 100 is rising slowly. Right now the bulls are attacking 14300. If they do it successfully, the price might rise above the R1 resistance level today. But if they fail, the price could drop to the S1 support level.
Dow Jones Industrial Average
The DJIA index dropped a bit yesterday. The price finished the session a little below the Pivot Point, at the EMA 200. Today, the price is rising slowly, though. If the buyers continue generating sufficient demand, the price might reach 34000 today. But if the bears counterattack, the price could fall to the S1 support level.