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

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 See More
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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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