Friday was a great bullish session for the American indices. All three of them rose strongly, set their new all-time highs, and finished the session above their R2 resistance levels. Today, the NASDAQ 100 is showing mixed sentiment, but the other two indices are going down. From the data front, new home sales in June will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
Friday was a great bullish session. The S&P 500 rose above 4400, set the new all-time high and finished the last session of the week high above the R2 resistance level. Today, the price is falling a bit, though. It’s already below the Pivot Point. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level. But if they do, the price might set the new all-time high and rise above 4410.
NASDAQ 100
NASDAQ 100 also rose strongly on Friday. The price rose high above the R1 resistance level and set the new all-time high. Today, it is showing mixed sentiment, though. If the buyers show their strength once again, the price might even reach 15200 today. But if the bears take control over the market, the price could drop below the Pivot Point.
Dow Jones Industrial Average
The DJIA index rose strongly on Friday as well. The price set the new all-time high and finished the session above the R2 resistance level. However, it is going down significantly today. It’s already below the S1 support level. If the buyers don’t generate some serious appetite, the price could drop below the S2. But if they do, the price might return above the Pivot Point.
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