September 30, 2026
NEWS: USA500 price is rising 0.7% as US equity markets rally following positive economic data, most notably a positive PCE and better than expected GDP growth.
Possible Scenarios:
If USA500 fails to breach through R2 of 7789.78, our Analysis Department expects USA500 to undergo a short- term downward correction.
If USA500 manages to break above its R2 of 7789.78, our Analysis Department expects the USA500 to extend its gains to its R3 of 7810.25.
Support and Resistance Levels:
|
USA500 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
7673.75 |
7694.22 |
7714.70 |
7742.00 |
7769.30 |
7789.78 |
7810.25 |
Potential Profit or Potential Loss Calculations:
|
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) 100 |
(+/-) 88.04 |
(+/-) 75.29 |
|||
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.13589
***GBP/USD = 1.32821
Calculations for exchange rate used as of Wednesday, September 30, 2026, 15:23: P
Fortrade Canada Ltd. as an order-execution only dealer is not permitted to provide you with any advice or recommendations. These Market Commentaries should not be construed as a recommendation, advice or any attempt by Fortrade Canada Ltd. to prompt or influence you in making an investment decision to purchase, sell, hold or exchange any security or to influence the timing of such activity. This content is produced by Fortrade Limited which is not registered in any capacity with any securities regulatory authority in Canada.