September 6th – S&P500 and DJIA Trading Levels

Looking at the fundamentals, none of the economic events have enough potential to shake U.S. equities. The ongoing geopolitical tensions wi

Arslan Butt•Wednesday, September 6, 2017•1 min read

Looking at the fundamentals, none of the economic events have enough potential to shake U.S. equities. The ongoing geopolitical tensions with North Korea, especially, after they threatened to conduct a new missile test on September 9th, putting the U.S. and its allies in a position to respond by shooting the missile down. This will surely impact the global stock markets.

In order to cope up with this scenario and trading before September 9th, I’m sharing new trading levels for the week ahead.

S&P 500 – SPX500- Trading Levels

Support Resistance

S1: 2453 R1: 2476

S2: 2431 R2: 2490

S3: 2317 R3: 2513

Key Trading Level: $2458

DJIA – US30 – Trading Levels

Support Resistance

S1: 21736 R1: 22279

S2: 21643 R2: 22129

S3: 21493 R3: 22036

Key Trading Level: $21886

The best solution to avoid uncertainty is to take intraday trades only, rather than opening swing positions.

Good luck!

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Open a FREE Trading Account

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.