SPX & DJIA Levels – FOMC In Focus
The global indices are under substantial selling pressure as the investors are considering the Risk-off sentiment. In the last two weeks, the global stock market investors seem skeptical about buying. We summarized the outlook for US investments in our previous update on SPX and DAX. The overbought indices seem to progress further down in order to complete 38.2% Fibonacci retracement at $2,550.
We have a complex scenario on our hands this week. We are unable to confirm the bullish reversals until we hear from Trump and the Federal Reserve regarding the next spike in the rate. Meanwhile, the global indices seem to consolidate with the help of the support from the resistance levels. If you are following our updates for the first time, check out FX Leaders Support and Resistance Trading Strategy to get a better understanding of the market.
S&P500 – SPX – Trading Levels
Support Resistance
2550.41 2726.67
2495.97 2781.11
2407.84 2869.24
Key Trading Level: 2638.54
DJIA – Dow30 – Trading Levels
Support Resistance
23532.03 25182.45
23022.21 25692.27
22197 26517.48
Key Trading Level: 24357.24
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals