Oct. 11 – S&P500 and DJIA Trading Levels
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
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
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!