The USA500 Index is currently positioned above the 5,200 mark, reflecting a subdued trading atmosphere during the Sunday evening session. Investors are treading cautiously as they anticipate the release of critical inflation data expected later this week, which is poised to play a crucial role in shaping the Federal Reserve’s upcoming interest rate decisions. Adding to the wariness, recent economic indicators such as a six-month low in consumer sentiment reported in May and escalating inflation expectations are signaling potential headwinds for the U.S. economy.
This environment has resulted in minimal movements across major U.S. stock index futures. S&P 500 futures slightly declined by 0.05%, while Nasdaq 100 futures remained unchanged, and Dow Jones futures maintained their levels. Amid these market conditions, those utilizing advanced AI trading technologies have reported significant successes. Specifically, users of a particular AI tool have managed to navigate the market’s complexities in autopilot, achieving an impressive 34% return on investment within the last 24 hours. Explore how this AI technology is revolutionizing investment strategies.
Technical analysis
Time Frame: 1 hour
USA500 Support & Resistance Table – 13/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 5277.07 | Daily R2 |
| Resistance 1 | 5265.90 | Daily R1 |
| Support 1 | 5236.10 | Daily S1 |
| Support 2 | 5224.93 | Daily S2 |
USA500 Indicator Table – 13/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Buy |
USA500 Indicator / Period Table – 13/05/2024
| Indicator / Period | Day – Buy | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Buy | Buy |
| SMA 20 | Buy | Buy | Buy |
USA500 13/05/2024 – Reference Price : 5251.32
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (2)Sell (0) |
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