Oct. 19 - S&P500 and DJIA Trading Levels - Forex News by FX Leaders

Oct. 19 – S&P500 and DJIA Trading Levels

Posted Thursday, October 19, 2017 by
Arslan Butt • 1 min read

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!

 
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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.
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