Sept. 28th – S&P500 and DJIA Trading Levels - Forex News by FX Leaders

Sept. 28th – S&P500 and DJIA Trading Levels

Posted Thursday, September 28, 2017 by
Arslan Butt • 1 min read

The U.S. Stock market indices are trading bullish due to consistent growth in economic figures. How do I know the U.S. economy is growing? Well, first take a look at their economic figures such as Inflation, GDP, and unemployment rate. Secondly, the Federal Reserve will never ever think of hiking the interest rates if the economy isn't on track.

Today, we have Final GDP Q/Q from the U.S. at 12:30 (GMT). It's expected to remain unchanged at 3%, but we never know when market surprises us with different figures. So, it's a good day to trade U.S. indices. Check out below trading levels.

S&P 500 – SPX500- Trading Levels

Support              Resistance

S1: 2,494            R1: 2,510

S2: 2,494            R2: 2,514

S3: 2,488            R3: 2,520

Key Trading Level: 2,504

DJIA – US30 – Trading Levels

Support               Resistance   

S1: 22,275           R1: 22,364

S2: 22,247           R2: 22,391

S3: 22,203           R3: 22,436

Key Trading Level: 22,319.63

Traders, you should check out FX Leaders Support and Resistance trading strategy to make better use of these trading levels. Good luck!

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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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