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SP500: high shock down

2022-08-03
1205
Fundamental analysis:

The S & P 500 index closed down 26.16 points, or 0.64%, at 4092.47 on Tuesday, August 2;US financial regulators are pushing ahead with a plan that may reduce the time for traders to report bond transactions to one minute.


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



Technical analysis:


Looking at the 4-hour chart: the high short power is weak, the consolidation moves down, the market long power is weakened, the short enters, and the high consolidation retreat trend may occur in the short term. The MACD index is in the high retreat downward in the long region, and the RSI index is hovering below the 50 equilibrium line;


Long short turning point: 4110


Pressing position: 4138, 4166


Support position: 4075, 4054


Trading strategy: bearish below 4110, target 4075, 4054


Alternative strategies: bullish above 4110, targets 4138, 4166

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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