USA500 Analysis

US Session Analysis for CFD Instruments 15/05/2019

Fundamental analysis

15 May, 2019

USA500 futures dropped lower on Wednesday following yesterday’s bounce back as the markets decided the poor news on China and the US trade war had been priced in. Investors looked ahead to a fresh batch of earnings and U.S. economic data later in the trading day while keeping their eyes on any trade developments. Yesterday U.S. President Donald Trump denied that talks between the two sides had broken down. "We have a dialogue going. It will always continue," said Trump, who has already announced plans to meet Chinese President Xi Jinping at a G20 summit late next month. Speculation that the Federal Reserve may cut interest rates to offset any weakness in the economy took a knock on Tuesday after New York Fed head John Williams and Kansas City Fed President Esther George both pointed downplayed the suggestion, Williams in particular noting that the tariff increases levied by the U.S. would tend to increase inflation.

Investors are looking ahead to April retail sales numbers at (13:30 GMT+1), which are expected to show a slight increase.

Technical analysis

USA500 Analysis Technical analysis 15/05/2019
Time Frame: 1 hour

USA500 Support & Resistance Table - 15/05/2019

Support & Resistance Level Explanation
Resistance 2 2875.00 Daily R2
Resistance 1 2853.75 Daily R1
Support 1 2816.45 Daily S1
Support 2 2802.50 Daily S2

USA500 Indicator Table - 15/05/2019

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

USA500 Indicator / Period Table - 15/05/2019

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Buy NeutralBuy
RSI (14) Neutral SellNeutral
SMA 20 Sell SellBuy

USA500 15/05/2019 - Reference Price : 2833.32

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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