CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

USA500 Analysis

US Session Analysis for CFD Instruments 16/03/2021

Fundamental analysis

16 March, 2021

U.S. stock futures wobbled Tuesday ahead of data on consumer spending and industrial activity that will give investors fresh insights into the pace of the economic recovery. Futures tied to the S&P 500 and the Dow Jones Industrial Average were relatively flat. Both major indexes closed at record highs on Monday. Contracts for the technology-focused Nasdaq-100 gained 0.6%, suggesting the tech sector could extend its rebound when the stock market opens. Tech stocks have steadied in recent sessions after taking a tumble when bond yields shot up in late February and early March. Investors are grappling with the implications of a big wave of government spending and the relaxation of lockdowns on the economy. Investors’ concerns that a surge of growth and inflation could prompt the Federal Reserve to boost interest rates earlier than expected dented shares of tech companies that had benefited from low bond yields. Rate-setters at the central bank are gathering for a two-day policy meeting starting Tuesday.

Technical analysis

USA500 Analysis Technical analysis 16/03/2021
Time Frame: 1 hour

USA500 Support & Resistance Table - 16/03/2021

Support & Resistance Level Explanation
Resistance 2 4002.03 Daily R2
Resistance 1 3985.00 Daily R1
Support 1 3939.60 Daily S1
Support 2 3922.57 Daily S2

USA500 Indicator Table - 16/03/2021

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

USA500 Indicator / Period Table - 16/03/2021

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

USA500 16/03/2021 - Reference Price : 3963.20

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