NEWS: USA500 price has decreased 0.8%. The USA500 and all other US Indices are falling as market sentiment deteriorated with investors still unconvinced the banking crisis in the US has been contained.
Possible Scenarios:
If USA500 fails to breach through S1 of 3950.12, our Research Department expects the USA500 to undergo a short- term upward correction.
If USA500 manages to break below its S1 of 3950.12, our Research Department expects the USA500 to extend its losses to its S2 of 3924.47
Support and Resistance Levels:
USA500 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3898.82 |
3924.47 |
3950.12 |
3984.32 |
4018.52 |
4044.17 |
4069.82 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €92.76 |
(+/-) £75.76 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.07800
***GBP/USD = 1.22450
Calculations for exchange rate used as of Friday, March 24, 2023, GMT 09:35h