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S & P: Poly -headed structure

Basic face analysis:

On Wednesday (August 30), the US economic data was not good, and the actual GDP was repaired by 2.1%in the second quarter. In August, the "small non -agricultural" ADP employment was newly increased by 177,000 a hit for five months. The bet on the end of the Federal Reserve's interest rate hike heating up, but European countries inflation is stubborn, and the probability of interest rate hikes in the European Central Bank increased in September. The three major indexes of the US stocks rose collectively, and the S & P 500 index rose 0.39%. Essence

SP500 four -hour chart

Technical analysis:

Looking at the 4-hour chart, S & P continued to rise above 4500, the MACD volume can continue to be magnified on the zero axis, the market continues to be long, supports attention near 450-44800, and the upper resistance is 4550-4580.

Resistance position: 4550 4580
Support bit: 4500 4480

Trading strategy: 4500 to watch the bullish, target 4550 4580
Alternative strategy: 4500 drop below, target 4480 4450

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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