Risk off Sentiment: SPX, DAX, FRA & FTSE Key Levels to Watch Today - Forex News by FX Leaders

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

Posted Wednesday, May 8, 2019 by
Arslan Butt • 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

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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