S&P500 & DAX – Key Trading Levels to Trade Today

Posted Tuesday, August 21, 2018 by
Arslan Butt • 1 min read

The global stock market indices rallied ever so slightly during the Asian session. However, there is a significant amount of resistance as the trade war is still in play and Trump isn’t expecting any outcome from trade talks.

In the next update, I will be sharing a technical trading setup on SPX. Until then, you are advised to follow these trading levels.

S&P500 – Technical Levels

Support     Resistance
2838.13       2854.87
2832.97      2860.03
2824.6       2868.4
Key Trading Level: 2846.5

 

DAX – Technical Levels

Support      Resistance
12267.92    12365.56
12237.76    12395.72
12188.94    12444.54
Key Trading Level: 12316.74

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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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