CM Trade

Download APP to receive bonus

GET

S & P: The slowdown of the rise

2023-09-03
398
Basic face analysis:

On Friday (September 1), the three major stock indexes of the US stocks rose and declined, and S & P rose 0.18%. In terms of industry sectors, in addition to communications, daily consumption, public utilities and real estate, they closed down 0.93%, 0.85%, 0.51%and 0.05 In addition, the other 7 major sections of the S & P closed up. After the August quarterly, the non -agricultural employment population was 187,000, and it was expected to be 170,000, and the previous value was 187,000. The U.S. unemployment rate in August recorded 3.8%, a new high since February last year.


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 4500-44800. 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