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S & P: downward trend

2023-09-07
428
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

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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