Can S&P500 and DJIA Sustain These Weekly Levels?

The uptrend in the US stock markets paused as the markets are now consolidating in brief trading ranges. S&P500 is having a choppy trade session, ranging between $2,568 and $2,590. Likewise, the DJIA is following a range of $23,265 – $23,466.

Seems like investors are waiting for something exciting to get in the market. Do you think the Federal Open Market Committee (FOMC) meeting minutes is the reason? Well, we have to wait for it. Watch these trading levels before taking a position.  

S&P 500 – SPX500 – Trading Levels

Support               Resistance

S1: 2,561             R1: 2,586

S2: 2,553             R2: 2,594

S3: 2,541             R3: 2,607

Key Trading Level: $2,574

DJIA – US30 – Trading Levels

Support                Resistance            

S1: 23,261            R1: 23,448

S2: 23,202            R2: 23,507

S3: 23,109            R3: 23,601

Key Trading Level: $23,355

Traders, check out FX Leaders Support and Resistance trading strategy to make better use of these trading levels. Good luck!

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.