Oct. 11 - S&P500 and DJIA Trading Levels - Forex News by FX Leaders

Oct. 11 – S&P500 and DJIA Trading Levels

Posted Wednesday, October 11, 2017 by
Arslan Butt • 1 min read

The U.S. stock market indices are heading north despite all the uncertainties between the United States and North Korea. It seems like the investors are trading with a sentiment that’s due to the hurricane and geopolitical tensions. The Federal Reserve will refrain from hiking the interest rate. Yup, stock market indices get’s bullish on Dovish policy sentiment. Actually, the lower interest rates will help corporations to borrow at the cheaper cost to grow their business.

Consequently, the sales increases and ultimately the profits, too. That’s what investors are looking for – the Dividend. Anyhow, let’s check out trading levels to secure a good position in U.S stocks indices.

 

S&P 500 – SPX500 – Trading Levels

Support              Resistance

S1: 2,527             R1: 2,552

S2: 2,519             R2: 2,560

S3: 2,506             R3: 2,572

Key Trading Level: $2,539

 

DJIA – US30 – Trading Levels

Support               Resistance            

S1: 22,492            R1: 22,792

S2: 22,399            R2: 22,885

S3: 22,249            R3: 22,035

Key Trading Level: $22,642

 

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

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.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of