Over the course of this week, we have seen the US stock markets continue to go higher. This seems to be due to a dovish Yellen last week as well as unchanged Inflation in the United States. The S&P 500 Index rose to a record high level of $2460.61. So, it was a good idea to close our sell position in S&P 500 at $2451 manually in profit at $2451.
As discussed in my previous update, the S&P500 has just broken above the R3 at $2458. It's now holding at $2461. The DJIA also traded between $21500 – $21600. We are approaching the most volatile days of the week. Tomorrow we have two monetary policy decisions from the ECB and BOJ. So, get ready for the action and take a look at the trading levels. Make sure to check out our support and resistance trading strategy article to learn how to profitably trade below levels.
S&P 500 – SPX500- Trading Levels
Support Resistance
S1: 2444 R1: 2445
S2: 2425 R2: 2476
S3: 2413 R3: 2464
DJIA – US30 – Trading Levels
Support Resistance
S1: 21531 R1: 21685
S2: 21377 R2: 21781
S3: 21127 R3: 21935
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