USA500 price is falling -1.0%

Fast Moving Market - 17/03/2023

17 March, 2023

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 has decreased 1.0%. The USA500 and all other US Indices are falling sharply as markets still fear that the banking crisis could still trigger a recession despite assurances.

Possible Scenarios:

If USA500 fails to breach through S1 of 3918.86, our Research Department expects the USA500 to undergo a short- term upward correction.

If USA500 manages to break below its S1 of 3918.86, our Research Department expects the USA500 to extend its losses to its S2 of 3888.01.

Support and Resistance Levels:

USA500	S3	S2	S1	Reference Price	R1	R2	R3
USA500	3857.15	3888.01	3918.86	3960.00	4001.14	4031.99	4062.85

Potential Profit or Potential Loss Calculations:

10 points per 1 trading lot*			USD	EUR**	GBP***
10 points per 1 trading lot*			(+/-) $100	(+/-) €94.06	(+/-) £77.42

*1 trading lot is equivalent of 10 units
**EUR/USD = 1.06269
***GBP/USD = 1.21441
Calculations for exchange rate used as of Friday, March 17, 2023, GMT 14:40h

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