CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

USA500 Analysis

US Session Analysis for CFD Instruments 02/02/2024

Fundamental analysis

02 February, 2024

The USA500 is trading currently at 4,934.
U.S. stocks rebounded overnight after logging their biggest daily drop of 2024 the previous day on hawkish Fed policy statement.
The Dow rose 1 percent, while the tech-heavy Nasdaq Composite and the S&P 500 both surged around 1.3 percent as Treasury yields slipped on weaker labour market data.
U.S. jobless claims rose last week, and fourth quarter unit labour costs undershoot forecasts while business activity in the manufacturing sector continued to contract in January, separate reports showed.

Technical analysis

USA500 Analysis Technical analysis 02/02/2024
Time Frame: 1 hour

USA500 Support & Resistance Table - 02/02/2024

Support & Resistance Level Explanation
Resistance 2 4995.45 Daily R2
Resistance 1 4979.22 Daily R1
Support 1 4935.94 Daily S1
Support 2 4919.71 Daily S2

USA500 Indicator Table - 02/02/2024

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Buy
Stochastic ( 9;6;3) Buy

USA500 Indicator / Period Table - 02/02/2024

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

USA500 02/02/2024 - Reference Price : 4957.58

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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