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SP500: the high level continues to rise
2022-07-29
1197
Fundamental analysis:
The S & P 500 index closed up 48.54 points, or 1.21%, at 4072.15 points on Thursday, July 28; The US economy contracted again in the second quarter, fuelling speculation that the Federal Reserve will not raise interest rates as aggressively as previously expected. The Federal Reserve may not need to raise interest rates as aggressively as some people fear.
S & P SP500 - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart, the high level of bull power has maintained a concussion and the upward trend has continued, and there is no sign of stopping. The short-term bull upward trend may continue. The MACD index is at the high level of the bull region and moves upward, and the RSI index is at the high level of the bull region and hovers near the 80 equilibrium line;
Long short turning point: 4084
Pressing position: 4123, 4147
Support position: 4057, 4030
Trading strategy: bullish above 4084, targets 4123, 4147
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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