In recent trading sessions, the USA500 index has fallen below the 5,000 mark, primarily driven by the hawkish tones adopted by Federal Reserve officials. These remarks have amplified concerns regarding the likelihood of sustained higher interest rates into the foreseeable future.

Throughout this week, multiple statements from Federal Reserve representatives have underscored the ongoing inflationary pressures that are unlikely to ease swiftly. This scenario diminishes the prospects for early interest rate reductions, which might otherwise alleviate some economic strain. The officials’ stance is further supported by consistent data indicating strong economic activity across the U.S., which justifies the continuation of the current elevated rate levels to manage economic overheating.

As a result, U.S. stock index futures have experienced a slight downturn. Specifically, S&P 500 Futures receded by 0.2%, Nasdaq 100 Futures by 0.4%, and Dow Jones Futures also saw a 0.2% decline.

In this context, sophisticated Artificial Intelligence (AI) technologies have proven essential, enabling investors to navigate these market adjustments efficiently. Notably, individuals leveraging AI have achieved substantial gains, with some reporting a 34% Return on Investment in just the last 24 hours by capitalizing on the ability to predict such financial trends.

Technical analysis

USA500 Analysis Technical analysis 19/04/2024

Time Frame: 1 hour

USA500 Support & Resistance Table – 19/04/2024

Support & ResistanceLevelExplanation
Resistance 25063.88Daily R2
Resistance 15040.36Daily R1
Support 14977.64Daily S1
Support 24954.12Daily S2

USA500 Indicator Table – 19/04/2024

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

USA500 Indicator / Period Table – 19/04/2024

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

USA500 19/04/2024 – Reference Price : 5007.82

SELLSimple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (2)Sell (1)

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