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USA500 Analysis

US Session Analysis for CFD Instruments 08/11/2019

Fundamental analysis

08 November, 2019

S&P500 futures edged higher on Friday after a record close during the prior trading session, as reports suggested that the White House’s plan to roll back tariffs on China isn’t as certain as originally thought.

Chinese officials said on Thursday that both sides had agreed to reduce tariffs, which the U.S. confirmed later in the day. But a divide remains in the White House over whether or not a tariff rollback is even a good idea, Reuters reported. Meanwhile, outgoing European Commission President Jean-Claude Juncker said he didn't expect the U.S. to impose import tariffs on cars from the EU. The White House has until Nov. 13 to decide whether it will proceed with the threat it made back in the summer.

Technical analysis

USA500 Analysis Technical analysis 08/11/2019
Time Frame: 1 hour

USA500 Support & Resistance Table - 08/11/2019

Support & Resistance Level Explanation
Resistance 2 3105.81 Daily R2
Resistance 1 3097.54 Daily R1
Support 1 3074.8 Daily S1
Support 2 3065.3 Daily S2

USA500 Indicator Table - 08/11/2019

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

USA500 Indicator / Period Table - 08/11/2019

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

USA500 08/11/2019 - Reference Price : 3087.08

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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08/11/19 - Friday / Analysis
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