S&P500 and DJIA – Major Trading Levels - Forex News by FX Leaders

S&P500 and DJIA – Major Trading Levels

Posted Thursday, July 13, 2017 by
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

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

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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