NEWS: USA500 price increased 0.9%. All American stock indices are rallying sharply after the American open this morning.
Possible Scenarios:
If USA500 fails to breach through R1 of 3715.94, our Research Department expects the USA500 to undergo a short-term downward correction.
If USA500 manages to break above its R1 of 3715.94, our Research Department expects the USA500 to extend its gains to its R2 of 3730.83.
Support and Resistance Levels:
USA500 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3646.42 |
3661.32 |
3676.21 |
3696.08 |
3715.94 |
3730.83 |
3745.73 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €81.52 |
(+/-) £59.96 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.22670
***GBP/USD = 1.35965
Calculations for exchange rate used as of 14:54 (GMT) 05/1/2021