S&P 500 and DJIA Trading Levels – Final GDP Under The Spotlight
Good Morning, investors.
The global stock markets are trading in narrowly mixed trading ranges. At one moment, we see buying trends in US stocks and then selling trends because of the lack of liquidity in the market. So we aren’t able to catch a good trade. However, today we have final GDP figures coming out from the US and this can have knee-jerk movements in the NYSE (New York Stock Exchange).
In order to cope up with the potential shock, let’s take a look at the support and resistance levels for the S&P500 and DJIA.
S&P 500 – SPX500 – Trading Levels
Support Resistance
S1: 2,656 R1: 2,680
S2: 2,649 R2: 2,687
S3: 2,637 R3: 2,699
Key Trading Level: $2,668
DJIA – US30 – Trading Levels
Support Resistance
S1: 24,406 R1: 24,686
S2: 24,319 R2: 24,773
S3: 24,179 R3: 24,913
Key Trading Level: $24,546
Check the US Final GDP and Philly Fed Manufacturing Index at 13:30 (GMT) today. Good luck!
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