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S & P: Broken upward

2023-08-24
554
Basic face analysis:


On Wednesday (August 23), the European and American PMIs were not good in August, and the market lowered betting on the interest rate hikes of the European and American central banks. The three major indexes of the US stocks have opened high, and the S & P 500 index rose 1.1%. In terms of industry sectors, in addition to 0.25%of energy closures, the other 10 major S & P's 10 major sectors have risen.

SP500 four -hour chart



Technical analysis:

Looking at the 4-hour chart, the S & P was ahead of the 4440 front high pressure. The MACD volume can wear zero axis volume. The market trend is still turning to multiple heads. It supports the attention of 4440, and the resistance follows 4515-4560.

Resistance position: 4515 4550
Support bit: 4440 4400

Trading strategy: 4440 to watch the bullish, target 4515 4550
Alternative strategy: 4440, see the drop below, target 4400 4360

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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