USA500 Analysis

EU Session Analysis for CFD Instruments 31/10/2023

Fundamental analysis

31 October, 2023

The USA500 is trading at 4,155.

The S&P 500 index gained 1.2% on Monday as the market took interest in battered down share prices following two consecutive weeks of greater than 2% losses. The NASDAQ Composite rose 1.16%, while the Dow Jones Industrial Average gained 1.58%.

This week the index revolves around a continued flurry of earnings calls and the Federal Reserve’s (Fed) FOMC meeting, where the central bank will determine what to do with interest rates.

Technical analysis

Time Frame: 1 hour

USA500 Support & Resistance Table - 31/10/2023

Support & Resistance	Level	Explanation
Resistance 2	4211.11	Daily R2
Resistance 1	4193.20	Daily R1
Support 1	4145.44	Daily S1
Support 2	4127.53	Daily S2

USA500 Indicator Table - 31/10/2023

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

USA500 Indicator / Period Table - 31/10/2023

Indicator / Period	Day - Sell	Week - Sell	Month - Sell
MACD( 12;26;9)	Sell	Sell	Buy
RSI (14)	Sell	Sell	Sell
SMA 20	Buy	Sell	Sell

USA500 31/10/2023 - Reference Price : 4169.32

Sell

Simple Moving Average	Buy (1)	Sell (2)
Technical Indicators - Oscillators	Buy (0)	Sell (2)

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