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S & P: Slow down

2023-09-10
424
Basic face analysis:

On Friday (September 8), the three major stock indexes of the US stocks rose. As of the closing, S & P rose by 0.14%. In terms of industry sectors, except for real estate, semiconductors, industrial and medical treatment, the 7 major sectors of S & P closed up by 0.65%, 0.52%, 0.5%, and 0%, respectively.

SP500 four -hour chart



Technical analysis:

Looking at the 4-hour chart, the S & P is hovering around 4450, the MACD volume can shrink down under the zero axis, the market enters the consolidation, supports the attention near 4450, and the resistance is around 4480-4510.

Resistance position: 4480 4510
Support bit: 4450 4420

Trading strategy: 4450, go below, target 4420 4390
Extracting strategy: 4450 to see the bullish, target 4480 4510

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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