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S & P: high and narrow range finishing

2022-07-26
1242
Fundamental analysis:

The S & P 500 index closed up 4.85 points, or 0.12%, at 3966.48 points on Monday, July 25; Wall Street investors bet that the Federal Reserve will actively raise interest rates until the end of the year, and then cut interest rates from next year.


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


Technical analysis:


4-hour chart: after the strong pull-up of bull power, the high level maintained a narrow consolidation and translation, the short power showed signs of waiting for the opportunity to enter, the weak shock slowly retreated, the MACD index was in the bull region and maintained a weak downward trend, and the RSI index was in the narrow consolidation near the 50 equilibrium line;


Long short turning point: 3965


Pressing position: 3984, 4002


Support position: 3939, 3919


Trading strategy: 3965 down, targets 3939, 3919


Alternative strategies: bullish above 3965, targets 3984, 4002

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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