August 1st – 6th Weekly Trading Levels – S&P 500 & DJIA - Forex News by FX Leaders

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

Posted Tuesday, August 1, 2017 by
Arslan Butt • 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

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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