Pre-FOMC Trading Levels – S&P500 and DJIA!
Good Morning, forexters. The global stock markets will be shaky today as the investors around the globe are waiting for the US monetary ...
Good Morning, forexters. The global stock markets will be shaky today as the investors around the globe are waiting for the US monetary policy. I was checking out the S&P500 and DJIA charts. Both of these indices are holding in the overbought zone.
The indices are holding at the highest levels, so identify the resistances and price action trading is a bit hard. Let me help you with support and resistance levels to trade FOMC event today. Â
S&P 500 – SPX500 – Trading Levels
Support        Resistance
S1: 2,628 Â Â Â Â Â Â R1: 2,653
S2: 2,617 Â Â Â Â Â Â Â Â Â Â Â Â R2: 2,672
S3: 2,600 Â Â Â Â Â Â Â Â Â Â Â Â R3: 2,662
Key Trading Level:Â $2,645
DJIA – US30 – Trading Levels
Support        Resistance           Â
S1: 24,368 Â Â Â Â Â Â Â Â Â Â Â R1: 24,548
S2: 23,313 Â Â Â Â Â Â Â Â Â Â Â R2: 24,603
S3: 23,233 Â Â Â Â Â Â Â Â Â Â Â R3: 24,693
Key Trading Level:Â $24,458
I’m waiting with my fingers crossed for the event. Check FX Leaders Support and Resistance trading strategy for a better understanding of these levels. Good luck!
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