NEWS: USA500 price is falling by 0.6% as federal appeals court ruled that most of President Donald Trump’s global tariffs are illegal and short-term uncertainty may rise as some trade agreements may need to be renegotiated
Possible Scenarios:
If USA500 fails to breach through S2 of 6434.6, our Research Department expects the USA500 to undergo a short- term upward correction.
If USA500 manages to break below its S2 of 6434.6, our Research Department expects the USA500 to extend its losses to its S3 of 6420.62
Support and Resistance Levels:
USA500 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
6420.62 |
6434.60 |
6448.59 |
6467.24 |
6485.89 |
6499.88 |
6513.86 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.72 |
(+/-) £63.88 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.16664
***GBP/USD = 1.34194
Calculations for exchange rate used as of Thursday, September 2, 2025, 8:55 GMT+1