S&P 500 and DAX Trading Levels – US Retail Sales Ahead - Forex News by FX Leaders

S&P 500 and DAX Trading Levels – US Retail Sales Ahead

Posted Wednesday, March 14, 2018 by
Arslan Butt • 1 min read

The global stock markets are giving a muted reaction this morning to reaching the highs. The volatility index (VIX) has crossed above 10 and now trading at 16.35. The VIX shows the level of fear in the market and a positive correlation between US stocks and VIX.

 

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

 

S&P 500 – SPX – Trading Levels

Support     Resistance 

2707.3         2791.96

2681.14       2818.12

2638.81       2860.45

Key Trading Level:    2749.63

 

DJIA – Dow 30 – Trading Levels

Support     Resistance 

24657.15    25382.33

24433.15    25606.33

24070.56    25968.92

Key Trading Level:    25019.74

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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