August 21st – 27th – S&P500 and DJIA Trading Levels - Forex News by FX Leaders

August 21st – 27th – S&P500 and DJIA Trading Levels

Posted Monday, August 21, 2017 by
Arslan Butt • 1 min read

This week, we have some top-tier economic events & speeches from the central bank officials of the United States & Eurozone. We may encounter some serious fluctuations in US equities. We will talk about it in a lot more detail in my next update, the weekly forecast. Check out the weekly trading levels for U.S. indices.

The Fed FOMC dragged U.S. stock markets down as the market continued its decline following an abrupt selloff last week, but all the movement remained in our suggested trading levels.

S&P 500 – SPX500- Trading Levels

Support            Resistance

S1: 2420             R1: 2461

S2: 2407            R2: 2473

S3: 2387            R3: 2493

Key Trading Level – $2440

DJIA – US30 – Trading Levels

Support            Resistance   

S1: 21635            R1: 21969

S2: 21531            R2: 22073

S3: 21364           R3: 22240

Key Trading Level – $21802

Fellows, I'm going to share weekly forecast & major events that need our attention in my next update. Stay tuned for more.

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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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