October 2, 2026
NEWS: USA500 is rising 0.6% after weaker-than-expected U.S. labor market data reduced expectations for another Federal Reserve rate hike at its October meeting.
Possible Scenarios:
If USA500 fails to breach through R2 of 7811.82, our Analysis Department expects USA500 to undergo a short- term downward correction.
If USA500 manages to break above its R2 of 7811.82, our Analysis Department expects the USA500 to extend its gains to its R3 of 7833.18.
Support and Resistance Levels:
|
USA500 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
7690.82 |
7712.18 |
7733.53 |
7762.00 |
7790.47 |
7811.82 |
7833.18 |
Potential Profit or Potential Loss Calculations:
|
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) 100 |
(+/-) 88.91 |
(+/-) 75.61 |
|||
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.12472
***GBP/USD = 1.32260
Calculations for exchange rate used as of Friday, October 2, 2026, 1:38: PM