CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

USA500 price increased 1.5%

Fast Moving Market - 06/01/2021

06 January, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: USA500 price increased 1.5%. All American equity markets are going vertical right now on hopes of more fiscal stimulus from the U.S. Congress since it is very likely that the Democrats will win the last Senate race in Georgia and control Congress and the White House for the first time since 2010.

Possible Scenarios:

If USA500 fails to breach through R2 of 3759.38, our Research Department expects the USA500 to undergo a short-term downward correction.

If USA500 manages to break above its R2 of 3759.38, our Research Department expects the USA500 to extend its gains to its R3 of 3775.4.

Support and Resistance Levels:

USA500

S3

S2

S1

Reference Price

R1

R2

R3

3668.6

3684.62

3700.64

3722

3743.36

3759.38

3775.4

Potential Profit or Potential Loss Calculations:

10 points per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €81.45

(+/-) £60.08

*1 trading lot is equivalent of 10 units
**EUR/USD = 1.22780
***GBP/USD = 1.35555
Calculations for exchange rate used as of 15:56 (GMT) 06/1/2021

Share It With Your Network
USA500 Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now