Yesterday was another good, bullish session for the American indices. All three of them rose and set their new all-time highs. However, the American indices are falling heavily today. From the data front, the CB consumer confidence in July will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday was another good, bullish session. The S&P 500 rose significantly, set the new all-time high and finished the session near 4415. However, the price is falling heavily today. Right now the bears are getting close to the S1 support level. If the bulls don’t defend that level, the price could drop to the EMA 200 today. But if they do, the price might return above the Pivot Point and 4400.
NASDAQ 100
NASDAQ 100 managed to rise a bit yesterday. The price finished the session above 15100 and set the new all-time high. However, it is falling significantly today. Right now the bears are attacking the S1 support level. If they do it successfully, the price might even drop below the S2 and 15000. But if the buyers generate some serious appetite, the price might still return above the Pivot Point and 15100.
Dow Jones Industrial Average
The DJIA index also rose strongly yesterday. The price reached the R1 resistance level, set the new all-time high and finished the session above 35000 for the first time ever. However, it is falling deeply today. Right now the bears are getting close to the S1 support level and the EMA 200. If the buyers don’t generate some serious appetite soon, the price could drop deeply below those levels. But if they do, the price might return above the Pivot Point.
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