Currently, the USA500 index is observed trading beneath the 5,200 mark, indicating a moment of contemplation in the market’s trajectory.
Thursday’s evening trading session brought a mild resurgence in U.S. stock index futures, spotlighting the upcoming nonfarm payrolls report. Market participants are keenly awaiting this data, anticipating it could provide vital clues regarding potential shifts in interest rate policies later this year.
After facing considerable downturns earlier in the day, influenced by rising geopolitical strains—most notably the intensifying situation between Israel and Iran—alongside firm statements from Federal Reserve officials, the futures market found some footing. Notably, S&P 500 Futures edged up by 0.06%, Nasdaq 100 Futures increased by 0.07%, and Dow Jones Futures held their ground, marking a position at 38,927.0 points.
Technical analysis
Time Frame: 1 hour
USA500 Support & Resistance Table – 05/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 5244.76 | Daily R2 |
| Resistance 1 | 5227.72 | Daily R1 |
| Support 1 | 5182.28 | Daily S1 |
| Support 2 | 5165.24 | Daily S2 |
USA500 Indicator Table – 05/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Neutral |
USA500 Indicator / Period Table – 05/04/2024
| Indicator / Period | Day – Sell | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Buy | Buy |
| SMA 20 | Sell | Buy | Buy |
USA500 05/04/2024 – Reference Price : 5205.58
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (0)Sell (1) |
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