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

USA500 Analysis Technical analysis 05/04/2024

Time Frame: 1 hour

USA500 Support & Resistance Table – 05/04/2024

Support & ResistanceLevelExplanation
Resistance 25244.76Daily R2
Resistance 15227.72Daily R1
Support 15182.28Daily S1
Support 25165.24Daily S2

USA500 Indicator Table – 05/04/2024

IndicatorSignal
SMA 20Sell
SMA 50Sell
SMA 100Sell
MACD( 12;26;9)Sell
RSI (14)Neutral
Stochastic ( 9;6;3)Neutral

USA500 Indicator / Period Table – 05/04/2024

Indicator / PeriodDay – SellWeek – BuyMonth – Buy
MACD( 12;26;9)SellBuyBuy
RSI (14)NeutralBuyBuy
SMA 20SellBuyBuy

USA500 05/04/2024 – Reference Price : 5205.58

SELLSimple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (0)Sell (1)

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