USA500 Analysis

EU Session Analysis for CFD Instruments 10/07/2024

Fundamental analysis

10 July, 2024

The USA500 is currently trading above 5,600 levels.

U.S. stock futures traded within a narrow range during Tuesday evening deals, stabilising as optimism over potential interest rate cuts led Wall Street to reach record highs, though at a slower pace.

Federal Reserve Chair Jerome Powell's testimony largely reinforced market expectations for a September interest rate cut, despite Powell not explicitly signalling such a move. He is scheduled to testify again on Wednesday.

S&P 500 Futures saw a slight increase, Nasdaq 100 Futures rose by 0.1%, and Dow Jones Futures remained flat.

Technical analysis

Time Frame: 1 hour

USA500 Support & Resistance Table - 10/07/2024

Support & Resistance	Level	Explanation
Resistance 2	5647.91	Daily R2
Resistance 1	5640.66	Daily R1
Support 1	5621.34	Daily S1
Support 2	5614.09	Daily S2

USA500 Indicator Table - 10/07/2024

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

USA500 Indicator / Period Table - 10/07/2024

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

USA500 10/07/2024 - Reference Price : 5631.82

Buy

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

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