S&P500 and DJIA Trading Levels – US Employment Report In Focus!
Arslan Butt • 1 min read
This week, FX junkies are anxiously awaiting the labor market figures from the United States. I was checking out the S&P500 & DJIA charts. Both of these indices are now oversold and the labor market reports are the only hope this week. Yup, better than expected report will surely give us a good opportunity to go long on these instruments.
I’m keeping my laces tied to jump in at the right time. For the moment, $2,621 is a very strong buying entry but I will prefer to wait for ADP employment change for clues about NFP later this week. In order to deal with this week’s economic calendar, let’s take a look at the weekly support and resistance levels.
S&P 500 – SPX500- Trading Levels
S1: 2,620 R1: 2,653
S2: 2,610 R2: 2,633
S3: 2,594 R3: 2,680
Key Trading Level: $2,637
DJIA – US30 – Trading Levels
S1: 24,252 R1: 24,418
S2: 23,984 R2: 24,520
S3: 23,818 R3: 24,686
Key Trading Level: $24,252
Are you wondering how to benefit from these levels? Do check FX Leaders Support and Resistance trading strategy for the better understanding of these levels. Good luck!