USA500 Analysis

EU Session Analysis for CFD Instruments 11/01/2019

Fundamental analysis

11 January, 2019

The USA 500 traded higher on Thursday by close of business at 2596.64 to achieve its best start to a new year since 2006. A late-session rally solidified Thursday’s gains, after investors digested comments from Fed Reserve Chairman Jerome Powell, who stated that the economy is in good health, while adding that the central bank would be cognizant of stresses to financial markets amid rate hikes. The comments were similar to Powell’s remarks last week during a discussion of current and former Fed bosses that helped to reassure anxious investors. Equity markets are emerging from a bruising 2018, which resulted in the worst declines for the three main U.S. benchmarks in about a decade. The winners of the session included General Electric, up 5.96%, Tesla, growing 1.90% and Apple, increasing 0.32%. Among the losers were AMD, down 2.23%, Microsoft, falling 0.64% and Pfizer, dropping 2.38%.

Technical analysis

USA500 Analysis Technical analysis 11/01/2019
Time Frame: 1 hour

USA500 Support & Resistance Table - 11/01/2019

Support & Resistance Level Explanation
Resistance 2 2611.41 Daily R2
Resistance 1 2598.32 Daily R1
Support 1 2585.32 Daily S1
Support 2 2574.31 Daily S2

USA500 Indicator Table - 11/01/2019

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

USA500 Indicator / Period Table - 11/01/2019

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

USA500 11/01/2019 - Reference Price : 2591.82

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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