The USA500 index is navigating just below the 5,200 threshold as market momentum stalls in Wednesday’s evening session. U.S. stock index futures demonstrated minimal movement, influenced by Federal Reserve officials’ signals suggesting interest rates may remain elevated longer than some investors anticipated.
The market’s focus is now shifting to upcoming addresses by other Fed members slated for the end of the week, which gain significance against the backdrop of recent data pointing to an economic deceleration in the U.S.
Additionally, lukewarm corporate earnings have dampened investor enthusiasm. Notably, shares of Arm Holdings and Airbnb Inc (NASDAQ: ABNB) saw declines in post-market trading, reflecting broader market trepidations.
Both the S&P 500 and Nasdaq 100 futures edged down by 0.1%, while Dow Jones Futures held steady. This cautious market behavior underscores a pivotal moment, where seasoned investors leveraging sophisticated AI have realized a 34% return on investment by navigating the market’s subtleties with an automated approach. Learn more about this AI-powered success.
Technical analysis
Time Frame: 1 hour
USA500 Support & Resistance Table – 09/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 5241.52 | Daily R2 |
| Resistance 1 | 5226.30 | Daily R1 |
| Support 1 | 5185.70 | Daily S1 |
| Support 2 | 5170.48 | Daily S2 |
USA500 Indicator Table – 09/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Sell |
USA500 Indicator / Period Table – 09/05/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Sell | Buy | Buy |
| SMA 20 | Buy | Buy | Buy |
USA500 09/05/2024 – Reference Price : 5206.08
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (2) |
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