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