NASDAQ, S&P500, and Dow slightly decline as investors anticipate the NFP release. The employment data is expected to deliver a low figure due to rising interest rates and high inflation.

Yesterday the American indices performed differently. NASDAQ 100 managed to rise, the Dow Jones Industrial Average went down, and S&P 500 showed mixed sentiment. Today, all three of them are rising, though. From the data front, all eyes will be focused on the nonfarm payrolls and unemployment rate in July. Anyway, let's start the analysis of, S&P 500 first:

 

S&P 500

The S&P 500 showed mixed sentiment yesterday. The price finished the session a little above 4,150. Today it is rising slowly, though. If the buyers continue generating sufficient demand, the price might go up above 4,170 and the R1 resistance level. But if the bears counterattack, the price could drop below 4,140.

s&p 500 today

 

NASDAQ 100

NASDAQ 100 managed to rise yesterday. The price finished the session slightly above 13,320. Today it is going up even more. If the buyers continue generating sufficient demand, the price might rise above the R1 resistance level and 13,400. But if the bears counterattack, the price could drop below 13,300 and reach Pivot Point.

nasdaq 100 today

 

Dow Jones Industrial Average

The DJIA index went down yesterday. The price finished the session slightly above Pivot Point and 32,700. However, it is rising slowly today. If the buyers continue generating sufficient demand, the price might go up above 32,800 and even reach the R1 resistance level. But if the bears counterattack, the price could drop to the EMA 200.

djia today

 


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