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