August 14th – 20th Weekly Trading Levels – S&P500 and DJIA
Arslan Butt • 1 min read
Last week's downturn in the global stocks was a difficult blow, but thankfully our key support & resistance levels helped us position ourselves in the market. Let's have a look at this week's new trading levels.
By the end of last week, the uncertainty & war sentiment spread by the United States and North Korea caused selling pressure in the market and both of indices, including S&P500 and DJIA, which broke all three support levels for the previous week.
For now, we can depend on the following trading levels to give us a firmer grasp on US indices.
S&P 500 – SPX500- Trading Levels
S1: 2453 R1: 2513
S2: 2431 R2: 2490
S3: 2417 R3: 2513
DJIA – US30 – Trading Levels
S1: 211915 R1: 22091
S2: 21812 R2: 22177.44
S3: 21726 R3: 22316
This week, I'm not expecting trend continuation, but rather a sideways movement. These levels are going to help us a lot. Keep following, tomorrow I will be sharing weekly trading levels on Gold & WTI Crude Oil.