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SP500: high long strong pull up

2022-08-02
1235
Fundamental analysis:

The S & P 500 index closed down 12.17 points, or 0.29%, at 4118.12 on Monday, August 1; Supported by safe haven demand, and the ISM manufacturing price payment index in the United States fell more than expected in July.



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



Technical analysis:


According to the 4-hour chart, the high level of bull power continues to fluctuate and rise, and the short-term upward trend may continue, and there is no sign of stopping. MACD index is at the high level of bull region, finishing and shifting, and RSI index is at the lower side of the 80 equilibrium line of overbought zone;


Long short turning point: 4110


Pressing position: 4151, 4183


Support position: 4081, 4054


Trading strategy: bullish above 4110, targets 4151, 4183


Alternative strategy: bearish below 4110, targets 4081, 4054

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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