The USA500 is navigating levels beneath the 5,200 mark in current trading.
Tuesday’s evening session saw U.S. stock index futures experiencing slight fluctuations, finding their footing after a subdued beginning to Wall Street’s second quarter.
The landscape of investor sentiment is currently clouded by the indeterminate future of the Federal Reserve’s interest rate decisions and the awaited release of crucial payroll figures.
A trend of profit realization has become evident within several of the previously soaring sectors, with the technology sector standing out after its significant contributions to pushing U.S. stock indexes to new highs in the previous quarter.
In terms of specific movements, the S&P 500 Futures retracted by 0.02%, Nasdaq 100 Futures saw a minor pullback of 0.01%, and Dow Jones Futures fell by 0.04%.
Technical analysis
Time Frame: 1 hour
USA500 Support & Resistance Table – 03/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 5280.49 | Daily R2 |
| Resistance 1 | 5267.85 | Daily R1 |
| Support 1 | 5234.15 | Daily S1 |
| Support 2 | 5221.51 | Daily S2 |
USA500 Indicator Table – 03/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Sell |
USA500 Indicator / Period Table – 03/04/2024
| Indicator / Period | Day – Sell | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Sell | Buy | Buy |
| RSI (14) | Sell | Buy | Buy |
| SMA 20 | Sell | Buy | Buy |
USA500 03/04/2024 – Reference Price : 5248.58
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (0)Sell (3) |