USA500 Analysis

US Session Analysis for CFD Instruments 11/07/2019

Fundamental analysis

11 July, 2019

USA500 futures traded higher as investors were in bullish mood after Fed Chairman Jerome Powell raised expectations for an interest-rate cut in his Congressional testimony. This combined with dovish minutes gave cause for traders to believe that a number of interest rate cuts will be made this year, boosting stocks. Investors will be looking to Core CPI figures later this afternoon with a potential lower than expected figure sure to further boost expectations of a rate cut.

Technical analysis

USA500 Analysis Technical analysis 11/07/2019
Time Frame: 1 hour

USA500 Support & Resistance Table - 11/07/2019

Support & Resistance Level Explanation
Resistance 2 3021.14 Daily R2
Resistance 1 3012.94 Daily R1
Support 1 2996.04 Daily S1
Support 2 2988.50 Daily S2

USA500 Indicator Table - 11/07/2019

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 - 11/07/2019

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

USA500 11/07/2019 - Reference Price : 3004.58

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