S&P500 and DJIA – Major Trading Levels
Arslan Butt • 1 min read
Earlier this week in our weekly support and resistance report, we discussed how the FED Chair Yellen and other fundamentals may cause fluctuations in the market. Despite the massive moves caused by these fundamentals our trade signals we profitable.
As we suggested, the S&P500 just tested the R3 at $2449 and now it's consolidating below the same level. The DJIA also remained in between $21500 – $21600. Now we are approaching Friday, the big day for FX junkies because the US will be releasing it's Inflation reports. So, let's take a look at new trading levels to trade S&P 500 and DJIA.
S&P 500 – SPX500- Trading Levels
S1: 2437 R1: 2445
S2: 2429 R2: 2450
S3: 2424 R3: 2458
DJIA – US30 – Trading Levels
S1: 21441 R1: 21570
S2: 21400 R2: 21612
S3: 21335 R3: 21677