S&P 500 and DAX Trading Levels – US Retail Sales Ahead
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
Key Trading Level: 2749.63
DJIA – Dow 30 – Trading Levels
Key Trading Level: 25019.74