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USA500 Analysis

US Session Analysis for CFD Instruments 23/02/2021

Fundamental analysis

23 February, 2021

The drop in US technology stocks looked set to resume on Tuesday morning, with Nasdaq 100 and S&P 500 futures sliding, after rising bond yields spooked investors and triggered a sharp sell-off on Monday. Analysts pointed to rising bond yields as the catalyst for the sharp fall in the more expensive parts of the stock market. Higher bond yields traditionally weigh on stocks as they offer a safe and attractive alternative investment. The market's eyes will be on Federal Reserve chair Jerome Powell on Tuesday, as he testifies before Congress, for comments on the rise in yields.

Technical analysis

USA500 Analysis Technical analysis 23/02/2021
Time Frame: 1 hour

USA500 Support & Resistance Table - 23/02/2021

Support & Resistance Level Explanation
Resistance 2 3884.75 Daily R2
Resistance 1 3871.28 Daily R1
Support 1 3835.36 Daily S1
Support 2 3821.89 Daily S2

USA500 Indicator Table - 23/02/2021

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

USA500 Indicator / Period Table - 23/02/2021

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

USA500 23/02/2021 - Reference Price : 3853.32

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (2)
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