USA 500 index approaches high levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The USA 500 top market capitalization stock index found support in the 4,100.00 level in late October. Afterwards, a surge followed that step by step has reached above 4,500.00 and soon would test the 2023 and 2022 high levels at 4,606.45 and 4,636.70.

A move above 4,636.70 could be slowed down by round price levels, before the index eventually reaches the 2021 high level of 4,821.90. If the stocks surge above this level, they would be at new all time high levels.

On the other hand, a resumption of the previous decline is expected to look for support in the 50 and 200-day simple moving averages near 4,330.00. Afterwards, the 4,182.80/4,200.00 zone is set to act as support, as it has provided support and resistance during 2023. Further below, note the 4,100.00 and 4,050.00 levels.
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