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

Yesterday, nice profits were made on the DAX and CAC, as the European stock markets moved higher. The recent gains in the global stock indices come in response to destructive selling in Cryptocurrencies and Gold. The economic events of the United States and Eurozone today are in focus, such as the US capacity utilization rate and European Final CPI.   

In addition, the earnings report from the Goldman Sachs Group, Inc. and the Bank of America Corporation (BAC) will be released today.  You can see daily earnings reports on the NASDAQ official website. Look out for the key support and resistance levels for the SPX and DAX.

S&P 500 – SPX500- Trading Levels

Support     Resistance

2750.27    2789.83

2738.04    2802.06

2718.26    2821.84

Key Trading Level:    2,770.05

DAX – GER30 – Trading Levels

Support     Resistance

13169.61    13378.31

13105.13    13442.79

13000.78    13547.14

Key Trading Level:    13,273.96

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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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