Key Trading Levels for Global Stock Market Indices

The Federal Reserve’s rate-setting panel lowered its benchmark interest rate for the third time this year to 1-5% to 1.75%, but the central bank further signaled it would hold to evaluate the economy before acting again. The vote was 8 to 2. Stock market indices took a bullish turn on this news.

SPX – S&P500 – Technical Levels

Support Resistance
3033.49 3065.32
3013.36 3077.02
2981.53 3108.85
Key Trading Level: 3045.19

NASDAQ – Technical Levels

Support Resistance
8047.63 8167.73
7970.47 8210.67
7850.37 8330.77
Key Trading Level: 8090.57

DAX – GER30 – Technical Levels

Support Resistance
12864.27 12987.27
12784.53 13030.53
12661.53 13153.53
Key Trading Level: 12907.53

FTSE – Technical Levels

Support Resistance
7296.1 7361.2
7253.8 7384
7188.7 7449.1
Key Trading Level: 7318.9

CAC – FRA40 – Technical Levels

Support Resistance
5734.33 5797.13
5693.27 5818.87
5630.47 5881.67
Key Trading Level: 5756.07

 

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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.
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