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
Time Frame: 1 hour
USA500 Support & Resistance Table – 19/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 5063.88 | Daily R2 |
| Resistance 1 | 5040.36 | Daily R1 |
| Support 1 | 4977.64 | Daily S1 |
| Support 2 | 4954.12 | Daily S2 |
USA500 Indicator Table – 19/04/2024
| 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 – 19/04/2024
| 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 19/04/2024 – Reference Price : 5007.82
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (2)Sell (1) |
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