S&P 500 and DAX Trading Levels – Earning Reports Ahead

The global stock markets are giving a muted reaction this morning reaching the highs. The volatility index (VIX) has crossed above...

Written by: Arslan Butt • Monday, January 22, 2018 • 1 min read

• Last updated: Monday, January 22, 2018

The global stock markets are giving a muted reaction this morning reaching the highs. The volatility index (VIX) has crossed above 10 and now it’s trading at 11.27. The VIX shows the level of fear in the market and there’s a positive correlation between US stocks and VIX.

During the last week, VIX continued to trade below 10, causing the bearish trends in the stock markets. The earnings reports will be monitored not only by the US investors but also the European investors. The stock indices mostly have positive correlations and they move in the same direction. Watch out the key support and resistance levels for the SPX and DAX.

S&P 500 – SPX500- Trading Levels

Support Resistance

2752.25 2804.04

2718.26 2821.84

2700.46 2855.83

Key Trading Level: 2,770.05

DAX – GER30 – Trading Levels

Support Resistance

13122.9 13396.08

13000.78 13547.14

12849.72 13669.26

Key Trading Level: 13,273.96

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

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.