Can S&P500 and DJIA Sustain These Weekly Levels? - Forex News by FX Leaders

Can S&P500 and DJIA Sustain These Weekly Levels?

Posted Tuesday, November 21, 2017 by
Arslan Butt • 1 min read

The uptrend in the US stock markets paused as the markets are now consolidating in brief trading ranges. S&P500 is having a choppy trade session, ranging between $2,568 and $2,590. Likewise, the DJIA is following a range of $23,265 – $23,466.

 

Seems like investors are waiting for something exciting to get in the market. Do you think the Federal Open Market Committee (FOMC) meeting minutes is the reason? Well, we have to wait for it. Watch these trading levels before taking a position.  

 

S&P 500 – SPX500 – Trading Levels

Support               Resistance

S1: 2,561             R1: 2,586

S2: 2,553             R2: 2,594

S3: 2,541             R3: 2,607

Key Trading Level: $2,574

 

DJIA – US30 – Trading Levels

Support                Resistance            

S1: 23,261            R1: 23,448

S2: 23,202            R2: 23,507

S3: 23,109            R3: 23,601

Key Trading Level: $23,355

 

Traders, 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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