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S & P: bulls continue to climb

2022-07-22
1137
Fundamental analysis:

The S & P 500 index closed up 38.60 points, or 0.97%, at 3998.50 on Thursday, July 21; The slight rise in mortgage interest rates in the United States has increased the pressure on the real estate market and made the affordability of home buyers face greater challenges, which has led to the cooling of the housing market across the United States from the frenzy of the past two years.


S & P SP500 - 4-hour K-line diagram display:



Technical analysis:


According to the 4-hour chart, the bull's strong upward trend is good, and there is no sign of stopping in the short-term upward movement trend. The MACD index is in the bull area to maintain the consolidation and translation, and the RSI index is in the bull area to maintain the weak wandering;


Long short turning point: 3982


Pressing position: 4008, 4025


Support position: 3965, 3948


Trading strategy: bullish above 3982, targets 4008, 4025


Alternative strategy: 3982 down, goals 3965, 3948

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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