S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Facts
- US100 once again returns above the 200-day EMA
- The RSI indicator on the weekly interval (14) is currently 50 points
Recommendation
Long position on US100, at market price
- Stop loss: 19 120
- Take profit 1: 20 544
- Take profit 2: 21 000
Opinion
The US100 contract is breaking through the 20,100 point barrier on a wave of optimism around media reports about Trump repealing restrictive AI regulations. According to sources, the Trump administration does not intend to enforce the so-called AI diffusion regulation, which is to come into force on May 15. For AI and data center companies, this means a potentially wider number of sales markets and fewer regulatory restrictions on doing business.
The reduction in pressure around technology companies and the White House’s comments on possible new tariff agreements may support further market stabilization. We recommend taking a long position at the market price while setting a stop loss order to minimize the risk of loss (at the level of the last session lows from April 30, close to 19,120 points). The take profit order was set at the level of the last historical highs.
Source: xStation 5
