CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.41% 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 31/05/2024

Fundamental analysis

31 May, 2024

The USA500 is currently trading below 5,300 levels.

U.S. stock index futures fell Thursday evening, extending losses amid fears of high interest rates and slowing growth.

Investors are now focused on key PCE data for inflation cues. Concerns over political disruptions also rose after former President Trump was found guilty in a hush money scandal, with sentencing set for July 11.

Weak earnings, profit-taking, and doubts over the AI industry contributed to steep losses on Wall Street, while expectations for interest rate cuts by the Federal Reserve diminished due to persistent inflation.

S&P 500 Futures fell 0.2%, Nasdaq 100 Futures dropped 0.3%, and Dow Jones Futures decreased 0.2%.

Technical analysis

USA500 Analysis Technical analysis 31/05/2024
Time Frame: 1 hour

USA500 Support & Resistance Table - 31/05/2024

Support & Resistance Level Explanation
Resistance 2 5275.11 Daily R2
Resistance 1 5260.92 Daily R1
Support 1 5233.08 Daily S1
Support 2 5208.90 Daily S2

USA500 Indicator Table - 31/05/2024

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

USA500 Indicator / Period Table - 31/05/2024

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Neutral BuyBuy
SMA 20 Sell BuyBuy

USA500 31/05/2024 - Reference Price : 5244.20

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