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