As of the latest trading session, the USA500 index has been observed to maintain its position, soaring beyond the 5,200 benchmark. This reflects a notable resilience in the face of fluctuating market dynamics.
During the evening session on Wednesday, the landscape for U.S. stock index futures witnessed a modest uptick. This movement came as a breath of fresh air to Wall Street, breaking the momentum of a two-day downturn. Despite this positive shift, the market’s enthusiasm was tempered by prevailing uncertainties related to interest rate expectations. These concerns were amplified in the lead-up to critical labor market data releases and awaited communications from the Federal Reserve.
Compounding the cautious sentiment were the outcomes of recent Purchasing Managers’ Index (PMI) reports, which fell short of projections. Additionally, mixed messages from Federal Reserve officials concerning future interest rate adjustments offered scant clarity, leaving traders navigating through a fog of speculation.
In numerical terms, S&P 500 Futures experienced a modest ascent, closing at a 0.07% increase. Similarly, Nasdaq 100 Futures showed a slightly more pronounced growth, marking a 0.13% rise. Meanwhile, Dow Jones Futures made a minimal gain, edging up by 0.03%.
This blend of cautious market optimism, underscored by the transformative impact of AI in investment strategies, presents a nuanced picture of today’s investment landscape. It underscores the opportunities that exist for those equipped with the right tools and insights to decipher market signals and act decisively.
Technical analysis
Time Frame: 1 hour
USA500 Support & Resistance Table – 04/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 5307.84 | Daily R2 |
| Resistance 1 | 5295.05 | Daily R1 |
| Support 1 | 5260.95 | Daily S1 |
| Support 2 | 5248.16 | Daily S2 |
USA500 Indicator Table – 04/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Buy |
| MACD( 12;26;9) | Sell |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Buy |
USA500 Indicator / Period Table – 04/04/2024
| 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 04/04/2024 – Reference Price : 5277.08
| SELL | Simple Moving AverageBuy (1)Sell (2)Technical Indicators – OscillatorsBuy (1)Sell (2) |
👉Explore AI-powered Automated Trading Today! Register for a free trial now!
✅Read about the automated trading software on Investing.com
