Currently, the S&P 500 Index, often referred to as the USA500, is positioned just beneath the 5200 mark. This observation comes on the heels of a slight uplift in stock futures during Sunday’s overnight trading, a breather after the market’s pullback in the exhilarating rally of 2024.

The futures for the Dow Jones Industrial Average demonstrated a positive adjustment, ascending by 55 points. Concurrently, futures for both the S&P 500 and the Nasdaq 100 showed marginal gains of 0.1%. This modest uptrend follows a period of downturns witnessed in the preceding week, where the rally of 2024 momentarily decelerated.

Reflecting on the past week, the Dow Jones Industrial Average recorded a downturn of 2.3%, its most significant weekly setback since March 2023. The S&P 500 wasn’t spared either, as it saw a contraction of nearly 1%, its steepest weekly slump since the outset of January. On another front, the Nasdaq Composite, with a substantial emphasis on technology equities, dipped by 0.8%, marking its fourth decline in the past five weeks.

In this landscape of volatility and uncertainty, a remarkable development has been the advent of Artificial Intelligence (AI) in market prediction. Investors leveraging this state-of-the-art AI technology have managed to navigate the complexities of the market with unprecedented efficiency. Remarkably, this approach has enabled a strategic advantage, yielding over 34% Return on Investment (ROI) in the span of just 24 hours. For those intrigued by how this technology is revolutionizing investment strategies, more insights can be found here.

The fluctuations in the market underscore the crucial role of innovative tools and strategies in optimizing investment outcomes. The ability of AI to forecast market trends effectively, essentially putting investment decisions on autopilot, has opened up new horizons for achieving financial growth.

Technical analysis

USA500 Analysis Technical analysis 08/04/2024

Time Frame: 1 hour

USA500 Support & Resistance Table – 08/04/2024

Support & ResistanceLevelExplanation
Resistance 25297.20Daily R2
Resistance 15276.54Daily R1
Support 15221.46Daily S1
Support 25200.81Daily S2

USA500 Indicator Table – 08/04/2024

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

USA500 Indicator / Period Table – 08/04/2024

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

USA500 08/04/2024 – Reference Price : 5247.58

SELLSimple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (0)Sell (2)

👉Explore AI-powered Automated Trading Today! Register for a free trial now!

Read about the automated trading software on

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive daily signals, market analysis with precise entry and exit points and free educational videos.

You have Successfully Registered!