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S & P: Back a low position

Basic face analysis:

On Tuesday (August 22), the Ministry of Fed's discount interest rate conference showed that the most important local Fed sought for the sidelines. The three major indexes of the U.S. stocks rose and declined, and the S & P 500 index fell 0.28%. In July, US -running sales fell far from expected. The market was waiting for Powell and Lagardes to speak on Friday, and S & P influenced the influence of banking rating by many US regional banks worldwide.

SP500 four -hour chart

Technical analysis:

Looking at the 4-hour chart, after the S & P rebounded 4440, it was blocked again. The MACD volume could shrink the amount under the zero axis. The market trend is still weak. The resistance follows near 4450, and supports 4370-4350.

Resistance position: 4450 4480
Support bit: 4370 4350

Trading strategy: 4370 to watch the bullish, target 4450 4500
Alternative strategy: Below 4370, go to see the drop, target 4350 4300

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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