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

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

ABOUT THE AUTHOR See More

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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