SPX & DAX – Intraday Trading Levels – Risk Off Dominates!

Posted Thursday, August 16, 2018 by
Arslan Butt • 1 min read

The trade war sentiments are still threatening the markets and weighing down on the global stock markets. As per the latest developments, China will send Vice Commerce Minister Wang Shouwen to the U.S. for low-level trade talks in late August. It will be the first official exchange since earlier negotiations broke down two months ago. That brings some positive news to the stock markets.

S&P500 – Key Trading Levels

Support Resistance

2830.24 2842.86
2826.33 2846.77
2820.02 2853.08
Key Trading Level: 2836.55

DAX – Key Trading Levels

Support Resistance
12119.9 12173.26
12103.43 12189.73
12076.75 12216.41
Key Trading Level: 12146.58

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About the author

Arslan Butt is our 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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