Can S&P500 and DJIA Sustain These Weekly Levels?
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
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
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!