USA500 Analysis

EU Session Analysis for CFD Instruments 29/02/2024

Fundamental analysis

29 February, 2024

The USA500 is currently trading at 5,085.

U.S. stocks closed lower on Wednesday, a day ahead of a key inflation reading that could heavily shape expectations for the timing of an interest rate cut from the Federal Reserve.

The S&P 500 index ended the trading day on Wednesday at 5,058, down 0.38%.

Technical analysis

Time Frame: 1 hour

USA500 Support & Resistance Table - 29/02/2024

Support & Resistance	Level	Explanation
Resistance 2	5109.23	Daily R2
Resistance 1	5097.13	Daily R1
Support 1	5064.87	Daily S1
Support 2	5052.77	Daily S2

USA500 Indicator Table - 29/02/2024

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

USA500 Indicator / Period Table - 29/02/2024

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

USA500 29/02/2024 - Reference Price : 5079.58

Sell

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

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