S & P: downward trend

Basic face analysis:

On Wednesday (September 6) the ISM service industry index in the United States accidentally rose to a half -year high, and some Federal Reserve officials increased their interest rates to raise interest rates when necessary, and the market expected to raise interest rates in November. U.S. stocks lasted in September, and the three major indexes opened low and low, and the S & P 500 index fell 0.7%. The 11 sectors of S & P fell, and large -scale technology stocks fell collectively.

SP500 four -hour chart

Technical analysis:

Looking at the 4-hour chart, S & P continued to fall near 4450. The MACD volume could be under the zero axis. The market continued to be short. The resistance was close to 4495-4530. The support below was 4450-4420.

Resistance position: 4495 4530

Support bit: 4440 4420

Trading strategy: 4495, go below, target 4450 4420

Extracting strategy: 4495 watch the bullish, target 4530 4550