S&P500 & DAX – Intraday Trading Levels to Trade - Forex News by FX Leaders

S&P500 & DAX – Intraday Trading Levels to Trade

Posted Friday, August 24, 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 // 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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