USA500 Analysis

EU Session Analysis for CFD Instruments 06/08/2024

Fundamental analysis

06 August, 2024

The USA500 is currently trading below 5,300 levels.

U.S. stocks ended with sharp losses on Monday, leaving the Nasdaq and S&P 500 down at least 3% as the market extended last week's sell-off amid U.S. recession worries and as Apple shares fell sharply on news that Warren Buffet had cut his stake. All three major indexes registered their biggest three-day percentage declines since June 2022, and the Nasdaq and S&P 500 closed at their lowest levels since early May.

During Asian trading The S&P 500 decreased 3%, Nasdaq 100 declined 3.43%, while the Dow Jones fell 2.6%.

Technical analysis

Time Frame: 1 hour

USA500 Support & Resistance Table - 06/08/2024

Support & Resistance	Level	Explanation
Resistance 2	5390.70	Daily R2
Resistance 1	5348.59	Daily R1
Support 1	5236.31	Daily S1
Support 2	5194.20	Daily S2

USA500 Indicator Table - 06/08/2024

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

USA500 Indicator / Period Table - 06/08/2024

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

USA500 06/08/2024 - Reference Price : 5292.45

Sell

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

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