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Oct. 11 – S&P500 and DJIA Trading Levels

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!

 
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ABOUT THE AUTHOR See More
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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