Nov. 28 - Dec. 3: S&P500 and DJIA Weekly Trading Levels - Forex News by FX Leaders

Nov. 28 – Dec. 3: S&P500 and DJIA Weekly Trading Levels

Posted Tuesday, November 28, 2017 by
Arslan Butt • 1 min read

During the previous week, the New York stock exchange traded bullish due to Thanksgiving week. The US stock markets traded on sentiment that increased sales which generated more profits for companies and more dividends for investors.  

 

In order to deal with this week's economic calendar, let's take a look at the weekly support and resistance levels for the US stock market indices. The speeches, consumer confidence, and GDP will be the major movers.

 

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: $2,574.33

 

DJIA – US30 – Trading Levels

Support               Resistance            

S1: 23,342            R1: 23,612

S2: 23,259            R2: 23,695

S3: 23,124            R3: 23,830

Key Trading Level: $23,477

 

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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