Oct. 19 – S&P500 and DJIA Trading Levels

It's been the sixth week now, the US stock market indices are keeping with the bullish momentum ignoring the uncertainties between the US a


It's been the sixth week now, the US stock market indices are keeping with the bullish momentum ignoring the uncertainties between the US and North Korea. It's mainly due to the interest rate hike sentiment as it's showing the economic growth in the US. This week, we don't have much on the fundamentals side. So let’s check out the trading levels to take a good position in US stocks indices.

 

S&P 500 – SPX500 – Trading Levels

Support              Resistance

S1: 2,544             R1: 2,552

S2: 2,541             R2: 2,561

S3: 2,534             R3: 2,567

Key Trading Level: $2,551

 

DJIA – US30 – Trading Levels

Support               Resistance            

S1: 22,934            R1: 23,165

S2: 22,862            R2: 23,236

S3: 22,747            R3: 23,352

Key Trading Level: $23,049

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

 
ABOUT THE AUTHOR See More
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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