The S&P 500 index has consistently held above the 5,000 mark, reflecting a bullish undertone in the market. In the latest trading session on Thursday evening, U.S. stock futures experienced a significant uptick, particularly driven by stellar earnings from tech giants such as Microsoft and Alphabet. These results not only surpassed expectations but also hinted at a sustained demand for artificial intelligence technologies, which are expected to continue fueling growth in the tech sector for the upcoming quarters.
Nasdaq 100 futures outperformed, jumping by 1.2% thanks to strong tech sector earnings, while S&P 500 futures advanced by 0.8%. Meanwhile, Dow Jones futures showed more modest growth, with an increase of 0.1%. The market’s response underscores a growing investor confidence that is somewhat tempered by ongoing concerns over U.S. inflation and interest rate hikes. Notably, investors leveraging AI-driven analysis tools have reported exceptional outcomes, with some achieving a 34% return on investment in just the past 24 hours. For more insights, click here.
Technical analysis
Time Frame: 1 hour
USA500 Support & Resistance Table – 26/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 5185.64 | Daily R2 |
| Resistance 1 | 5160.94 | Daily R1 |
| Support 1 | 5095.06 | Daily S1 |
| Support 2 | 5070.38 | Daily S2 |
USA500 Indicator Table – 26/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Sell |
| MACD( 12;26;9) | Buy |
| RSI (14) | Buy |
| Stochastic ( 9;6;3) | Neutral |
USA500 Indicator / Period Table – 26/04/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Buy | Buy | Buy |
| SMA 20 | Buy | Buy | Buy |
USA500 26/04/2024 – Reference Price : 5128.32
| BUY | Simple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (2)Sell (0) |
👉Explore AI-powered Automated Trading Today! Register for a free trial now!
✅Read about the automated trading software on Investing.com
