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SPX & DJIA Key Trading Levels – Earning Session Under Spotlight!

Posted Wednesday, April 18, 2018 by
Arslan Butt • 1 min read

Both of the US Stock market indices, SPX & DJIA, are trading in a bullish pattern. Investors have started getting into the stock markets as the earning session kicks in. Typically, the stock markets get very volatile during the earning session and allow investors to make some nice profits.

After the release of a higher EPS (earning per share), investors start jumping into the market. While a drop in EPS drives sellers from the market. If you are looking to trade indices, I would recommend you follow the NASDAQ – Earnings Calendar and highlight major companies to make the most of the movement.

Now, let me share the key trading levels for SPX and DJIA for this week.

S&P500- SPX- Trading Levels

Support     Resistance

2622.58    2675.66

2606.19    2692.05

2579.65    2718.59

Key Trading Level:    2649.12

DJIA- Dow30 – Trading Levels

Support     Resistance

24056.27    24584.67

23893.05    24747.89

23628.85    25012.09

Key Trading Level:    24320.47

Good luck, and trade with care today as markets could get very volatile during the New York session, especially after the release of earnings reports. Charles Schwab (NYSE: SCHW), Goldman Sachs (NYSE: GS), Johnson & Johnson (NYSE: JNJ), and UnitedHealth Group Incorporated (NYSE: UNH) are just some of the companies expected to report their financial results today. Good luck!

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