CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 28/08/2023

Fundamental analysis

28 August, 2023

Amid August's bond woes and China's economic turmoil, global stock markets are signalling negative closing prices across the board. In the same month, the S&P 500 Index fell 4%. The main themes are rebounding inflation, rising bond yields, and signs that the Fed will raise long-term rates this month. Despite the Fed's hawkish stance, risk sentiment somehow recovered after the Jackson Hole symposium as stocks tried to recover from the declines of the past few weeks. This could have been a moment to sell rumours and buy news, as central bank rhetoric matched expectations. A “soft landing” scenario could also lead investors to believe that the stock market will do well in an environment of high interest rates and high bond yields.

Technical analysis

USA500 Analysis Technical analysis 28/08/2023
Time Frame: 1 hour

USA500 Support & Resistance Table - 28/08/2023

Support & Resistance Level Explanation
Resistance 2 4468.76 Daily R2
Resistance 1 4447.72 Daily R1
Support 1 4395.28 Daily S1
Support 2 4375.24 Daily S2

USA500 Indicator Table - 28/08/2023

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

USA500 Indicator / Period Table - 28/08/2023

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

USA500 28/08/2023 - Reference Price : 4419.58

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (0)Sell (1)
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