USA500 Analysis

EU Session Analysis for CFD Instruments 17/06/2024

Fundamental analysis

17 June, 2024

The USA500 is currently trading above 5,400 levels.

U.S. stock index futures stabilised during evening trading on Thursday after technology shares bolstered Wall Street, continuing its recent streak of record highs amid data indicating some cooling in inflation.

Wall Street's gains were largely fueled by optimism surrounding artificial intelligence, despite the Federal Reserve's warning of fewer opportunities for interest rate cuts in 2024.

S&P 500 Futures dipped 0.05%, Nasdaq 100 Futures remained steady, and Dow Jones Futures declined by 0.1%.

Technical analysis

Time Frame: 1 hour

USA500 Support & Resistance Table - 17/06/2024

Support & Resistance	Level	Explanation
Resistance 2	5537.20	Daily R2
Resistance 1	5522.11	Daily R1
Support 1	5481.89	Daily S1
Support 2	5466.80	Daily S2

USA500 Indicator Table - 17/06/2024

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

USA500 Indicator / Period Table - 17/06/2024

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 17/06/2024 - Reference Price : 5497.82

Buy

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

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