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S&P500 and DJIA – Major Trading Levels

Arslan Butt•Thursday, July 13, 2017•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

Support            Resistance

S1: 2437             R1: 2445

S2: 2429             R2: 2450

S3: 2424             R3: 2458

 

DJIA – US30 – Trading Levels

Support             Resistance            

S1: 21441           R1: 21570

S2: 21400           R2: 21612

S3: 21335           R3: 21677

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
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.
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