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S & P: high level sorting down

2022-07-27
1122
Fundamental analysis:

On July 26 (Tuesday), the S & P 500 index closed down 46.46 points, or 1.17%, to 3920.38 points; A large amount of money in the interest rate market is betting that the demand of Fed chairman Powell for policy flexibility will keep the volatility index at a high level.


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



Technical analysis:


According to the 4-hour chart, the high short power maintained a weak step shock downward, the short-term short downward trend was good, the MACD index was in the short power maintained a weak downward to the upper side of the 0 axis, and the RSI index was in a narrow range near the 50 equilibrium line;


Long short turning point: 3965


Pressing position: 3984, 4002


Support position: 3930, 3910


Trading strategy: 3965 down, targets 3930, 3910


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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