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

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