In the latest trading session, the USA500 index has demonstrated resilience, maintaining levels above 5,100 despite the mixed sentiments swirling through the markets. This positive movement in US stock index futures on Sunday evening comes as a partial rebound after last week’s notable declines, driven by global geopolitical worries and a challenging start to the first quarter’s earnings season.
The escalating tensions between Iran and Israel have cast a shadow over market sentiments, heightening concerns about potential conflicts that could disrupt global economic stability. This geopolitical unease, combined with an underwhelming beginning to earnings announcements, initially stirred risk aversion among investors.
Moreover, recent data pointing to persistent inflation in the US has tempered the earlier optimism about potential monetary easing. Investors are increasingly coming to terms with the likelihood of the Federal Reserve maintaining higher interest rates well into the first half of 2024, adjusting their strategies in anticipation of a prolonged period of tighter monetary policy.
Despite these challenges, the USA500 along with other major US stock indices showed signs of recovery: S&P 500 Futures edged up by 0.3%, Nasdaq 100 Futures also gained 0.3%, and Dow Jones Futures increased by 0.2%.
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As the market continues to react to international developments and economic data, the integration of such AI tools is proving indispensable, offering investors the insights needed to adapt and thrive in an ever-evolving financial landscape.
Technical analysis
Time Frame: 1 hour
USA500 Support & Resistance Table – 15/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 5241.94 | Daily R2 |
| Resistance 1 | 5218.82 | Daily R1 |
| Support 1 | 5157.18 | Daily S1 |
| Support 2 | 5134.06 | Daily S2 |
USA500 Indicator Table – 15/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Buy |
USA500 Indicator / Period Table – 15/04/2024
| Indicator / Period | Day – Sell | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Sell | Buy | Buy |
| RSI (14) | Buy | Buy | Buy |
| SMA 20 | Sell | Buy | Buy |
USA500 15/04/2024 – Reference Price : 5188.08
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (2)Sell (1) |
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