NEWS: USA500 price increased 1.8%. The USA500 and USA30 are moving sharply higher today as St. Louis Fed President Bullard and Dallas Fed President Kaplan are currently speaking at a virtual forum on monetary and financial institutions.
Possible Scenarios:
If USA500 fails to breach through R1 of 4212.13, our Research Department expects the USA500 to undergo a short-term downward correction.
If USA500 manages to break above its R1 of 4212.13, our Research Department expects the USA500 to extend its gains to its R2 of 4221.24.
Support and Resistance Levels:
USA500 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
4169.65 |
4178.75 |
4187.86 |
4200 |
4212.13 |
4221.24 |
4230.34 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €83.9 |
(+/-) £60.29 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.19186
***GBP/USD = 1.39171
Calculations for exchange rate used as of 15:53 (GMT+1) 21/06/2021