NEWS: USA500 price decreased 1.5%. The USA500 and all other US indices have decreased as US nonfarm payroll data comes in higher than expected, leading to fears of a more hawkish federal reserve.
Possible Scenarios:
If USA500 fails to breach through S2 of 4013.67, our Research Department expects the USA500 to undergo a short- term upward correction.
If USA500 manages to break below its S2 of 4013.67, our Research Department expects the USA500 to extend its losses to its S3 of 3993.81
Support and Resistance Levels:
USA500 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3993.81 |
4013.67 |
4033.53 |
4060.00 |
4086.47 |
4106.33 |
4126.19 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €94.9 |
(+/-) £77.26 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.05376
***GBP/USD = 1.22832
Calculations for exchange rate used as of 13:35 (GMT) 02/12/2022