USA500 Analysis

EU Session Analysis for CFD Instruments 16/10/2024

Fundamental analysis

16 October, 2024

The USA500 is currently trading below 5,900 levels.

Wall Street's major stock indexes closed lower on Tuesday, with a 1% drop in the technology-heavy Nasdaq leading losses as chip stocks tumbled on demand concerns while the energy sector fell 3% as oil prices dropped.

On Tuesday the S&P 500 fell 0.76%, the Nasdaq 100 declined 1.01%, while the Dow Jones was down 0.75%.

Technical analysis

Time Frame: 1 hour

USA500 Support & Resistance Table - 16/10/2024

Support & Resistance	Level	Explanation
Resistance 2	5907.25	Daily R2
Resistance 1	5890.35	Daily R1
Support 1	5845.29	Daily S1
Support 2	5828.39	Daily S2

USA500 Indicator Table - 16/10/2024

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

USA500 Indicator / Period Table - 16/10/2024

Indicator / Period	Day - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Buy	Buy	Buy
RSI (14)	Buy	Buy	Buy
SMA 20	Sell	Buy	Buy

USA500 16/10/2024 - Reference Price : 5867.82

Buy

Simple Moving Average	Buy (2)	Sell (1)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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