Risk off Sentiment: SPX, DAX, FRA & FTSE Key Levels to Watch Today

Dow had fallen as much as 648 points, sinking below 26,000 points for the first time since March 29. The S&P 500 was down 1.7% and the...

Arslan Butt•Wednesday, May 8, 2019•1 min read

The Dow, S&P 500 and Nasdaq all finished the day solidly in the red, extending losses from Monday. The Dow plunged nearly 473 points, marking the second-worst trading day of the year. The worst day of 2019 was January 3, when the Dow fell 660 points.

Earlier on Tuesday, the Dow had fallen as much as 648 points, sinking below 26,000 points for the first time since March 29. The S&P 500 was down 1.7% and the Nasdaq fell 2%. Let’s take a look at key trading levels today:

SPX – S&P500 – Technical Levels
Support Resistance
2856.5 2923.76
2825.85 2960.37
2758.59 3027.63
Key Trading Level: 2893.11

DAX – German30 – Technical Levels
Support Resistance
11954.15 12247.6
11843.8 12430.7
11550.35 12724.15
Key Trading Level: 12137.25

FTSE – Technical Levels
Support Resistance
7182.57 7340.57
7120.23 7436.23
6962.23 7594.23
Key Trading Level: 7278.23

CAC – FRA40 – Technical Levels
Support Resistance
5337.1 5463.1
5288.1 5540.1
5162.1 5666.1
Key Trading Level: 5414.1

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ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.