NEWS: USA500 price is falling -0.8% as profit taking takes place at the end of 2024 trading
Possible Scenarios:
If USA500 fails to breach through S1 of 5938.34, our Research Department expects the USA500 to undergo a short- term upward correction.
If USA500 manages to break below its S1 of 5938.34, our Research Department expects the USA500 to extend its losses to its S2 of 5920.16.
Support and Resistance Levels:
USA500 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
5901.98 |
5920.16 |
5938.34 |
5962.58 |
5986.82 |
6005.00 |
6023.18 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €95.7 |
(+/-) £75.99 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.04488
***GBP/USD = 1.25941
Calculations for exchange rate used as of Monday, December 30, 2024, 14:00 GMT