August 1st – 6th Weekly Trading Levels – S&P 500 & DJIA

Arslan Butt•Tuesday, August 1, 2017•1 min read

Starting this week, the US stock markets are remaining in narrow ranges due to the absence of top tier economic events. But's it's not likely to stay this way. Soon, we are bound to see some reactions in the market due to the release of Non-Farm Payroll and Unemployment rates later this week.

As discussed in my previous update, the S&P500 has already broken above the R3 at $2464. It's now holding at $2478, looking to target the next resistance. But what’s that level?

Let's find out…

S&P 500 – SPX500- Trading Levels

Support Resistance

S1: 2470.42 R1: 2479.60

S2: 2467.59 R2: 2482.43

S3: 2463 R3: 2487.02

DJIA – US30 – Trading Levels

Support Resistance

S1: 21858.91 R1: 22154.66

S2: 21808.41 R2: 22072.91

S3: 21726.66 R3: 22154.66

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

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.