August 7th – 13th Weekly Trading Levels – S&P 500 and DJIA
We are in a tricky situation. If we were to take a buy now, where would we close it seeing as there isn't any price action on the left side (in the past)? Don't worry, I have some exciting levels for you to trade. Take a look…
SP500 helped us secure our very first take profit yesterday. At the moment, the US stocks are at the highest levels in history and that's making it very hard to determine the trading levels, especially the resistance levels for S&P500 and DJIA.
As I mentioned in my earlier update, the S&P500 is still not able to break above $2482 (R2), but on the lower side, it has already violated all three of last week's support levels.
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: 21990.50 R1: 22106.05
S2: 21803.55 R2: 22177.44
S3: 21688 R3: 22293
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