USA500 Analysis

EU Session Analysis for CFD Instruments 28/12/2023

Fundamental analysis

28 December, 2023

The USA500 is trading at 4,792.

US stocks edged higher on Wednesday, finishing largely flat and leaving the S&P 500 hovering just below its all-time closing high.

The benchmark index remains less than 1% away from its January 3, 2022, record close of 4,796.56, with the seasonal Santa Claus rally so far failing to produce a more decisive move.

Still, the S&P 500 is up 24% in 2023, rebounding from the 20% dive in 2022, and investors remain upbeat heading in the new year amid hopes for rate cuts from the Federal Reserve. Meanwhile, the Dow Jones Industrial Average has already set new record highs this month

Technical analysis

Time Frame: 1 hour

USA500 Support & Resistance Table - 28/12/2023

Support & Resistance	Level	Explanation
Resistance 2	4866.07	Daily R2
Resistance 1	4854.90	Daily R1
Support 1	4825.10	Daily S1
Support 2	4813.93	Daily S2

USA500 Indicator Table - 28/12/2023

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

USA500 Indicator / Period Table - 28/12/2023

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

USA500 28/12/2023 - Reference Price : 4840.08

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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