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US500 price action analysis post NFP release
The US500, also commonly referred to as the S&P 500 or SPX, is a benchmark index tracking the performance of 500 of the largest publicly traded companies in the United States. Known as the “broad market index,” it serves as a barometer for U.S. equity markets and the health of the broader economy. In forex and index trading, it plays a key role in global risk sentiment and is closely watched by traders, especially during periods of economic announcements and central bank policy updates. Fundamentally, today's US Non-Farm Payrolls (NFP), Unemployment Rate, Average Hourly Earnings, and related labor market data will heavily influence the US500 price action. Strong NFP numbers and rising wages would reinforce expectations of tighter monetary policy, potentially boosting the U.S. dollar while pressuring equities due to future rate hike fears. Conversely, softer labor data might give equities a bullish push as traders bet on rate cuts or a more dovish Fed stance. Additionally, ISM and PMI services data, along with Raphael Bostic’s speech on monetary policy, are likely to inject further volatility. As inflation and employment remain at the center of Fed policy, today's data holds the potential to reshape market sentiment on the S&P500 daily chart technical and fundamental outlook.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Technically, the US500 H4 chart shows the index in a strong bullish uptrend, having reached a new all-time high at approximately 6276.43, with price action riding a steep ascending trendline. The Ichimoku Cloud confirms bullish momentum: the cloud (Kumo) is green and expanding, indicating strength and support below. The price is trading well above the cloud and above the base line, and closely hugging the conversion line, a sign of sustained upward momentum. The lagging span is slightly above price, signaling continued bullish confirmation. Volume shows increasing participation, while the MACD histogram and MACD lines remain in positive territory, showing continued bullish momentum but also suggesting potential overextension as momentum starts to slow. This setup calls for cautious optimism: while the trend remains bullish, upcoming economic data could trigger a short-term correction or consolidation near the highs on the US500 H4 chart technical analysis.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
Capitalcore
The US500, also commonly referred to as the S&P 500 or SPX, is a benchmark index tracking the performance of 500 of the largest publicly traded companies in the United States. Known as the “broad market index,” it serves as a barometer for U.S. equity markets and the health of the broader economy. In forex and index trading, it plays a key role in global risk sentiment and is closely watched by traders, especially during periods of economic announcements and central bank policy updates. Fundamentally, today's US Non-Farm Payrolls (NFP), Unemployment Rate, Average Hourly Earnings, and related labor market data will heavily influence the US500 price action. Strong NFP numbers and rising wages would reinforce expectations of tighter monetary policy, potentially boosting the U.S. dollar while pressuring equities due to future rate hike fears. Conversely, softer labor data might give equities a bullish push as traders bet on rate cuts or a more dovish Fed stance. Additionally, ISM and PMI services data, along with Raphael Bostic’s speech on monetary policy, are likely to inject further volatility. As inflation and employment remain at the center of Fed policy, today's data holds the potential to reshape market sentiment on the S&P500 daily chart technical and fundamental outlook.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Technically, the US500 H4 chart shows the index in a strong bullish uptrend, having reached a new all-time high at approximately 6276.43, with price action riding a steep ascending trendline. The Ichimoku Cloud confirms bullish momentum: the cloud (Kumo) is green and expanding, indicating strength and support below. The price is trading well above the cloud and above the base line, and closely hugging the conversion line, a sign of sustained upward momentum. The lagging span is slightly above price, signaling continued bullish confirmation. Volume shows increasing participation, while the MACD histogram and MACD lines remain in positive territory, showing continued bullish momentum but also suggesting potential overextension as momentum starts to slow. This setup calls for cautious optimism: while the trend remains bullish, upcoming economic data could trigger a short-term correction or consolidation near the highs on the US500 H4 chart technical analysis.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
Capitalcore
