CM Trade

Download APP to receive bonus

GET

S & P: Slightly adjusted

2023-09-01
430
Basic face analysis:

On Thursday (August 31), the three major US stock indexes rose and declined, and S & P fell 0.16%. In terms of industry sectors, except for energy, communications, technology, and semiconductors, the 7 major sections of the S & P closed up by 0.07%, 0.1%, 0.49%, and 0.69%, respectively. According to data from the US Department of Commerce, the Fed's preferred inflation indicators have risen slightly in July, reversing the sharp decline in part of last month. At the same time


SP500 four -hour chart



Technical analysis:

Looking at the 4-hour chart, although the S & P has fallen, it remains above 4500. The MACD volume can be maintained on the zero axis. The market multi-header is unchanged. Continue to support the attention of 450-44800. 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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More