September 6th – S&P500 and DJIA Trading Levels
Arslan Butt • 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
S1: 2453 R1: 2476
S2: 2431 R2: 2490
S3: 2317 R3: 2513
Key Trading Level: $2458
DJIA – US30 – Trading Levels
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.