CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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

EU Session Analysis for CFD Instruments 04/10/2021

Fundamental analysis

04 October, 2021

Wall Street stocks surged to a higher close on Friday, kicking off the fourth quarter in a buying mood boosted by positive economic data, progress in the battle against COVID, and Washington developments on the potential passage of an infrastructure bill. The rally gained momentum after the White House announced U.S. President Joe Biden was getting more involved in negotiations over the infrastructure spending bill being debated on Capitol Hill. Merck & Co Inc revealed that a recent study showed its experimental oral drug for COVID-19 cut risk of death and hospitalization by about 50%, sending its shares jumping and boosting economic reopening sentiment. The sector’s gains were capped by a drop in shares of COVID vaccine maker Moderna Inc in the wake of the Merck news.

Technical analysis

USA500 Analysis Technical analysis 04/10/2021
Time Frame: 1 hour

USA500 Support & Resistance Table - 04/10/2021

Support & Resistance Level Explanation
Resistance 2 4383.15 Daily R2
Resistance 1 4363.72 Daily R1
Support 1 4311.92 Daily S1
Support 2 4292.49 Daily S2

USA500 Indicator Table - 04/10/2021

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

USA500 Indicator / Period Table - 04/10/2021

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

USA500 04/10/2021 - Reference Price : 4337.82

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