S&P: Penurunan ganda
On Friday (August 25th), the Jackson Hole Global Central Bank Annual Meeting was held. Powell’s “hawk release” shocked the market. U.S. stocks opened higher and moved higher. 0.82%, ending a three-week losing streak. In terms of industry sectors, all 11 major S&P sectors closed up.
SP500 four-hour chart
Brief technical analysis:
Looking at the 4-hour chart, the S&P gained support at 4460 and temporarily stopped falling, and the MACD volume can remain below the zero axis. The support focuses on around 4360, and the upper resistance is 4480-4530.
Resistance level: 4480 4530
Support level: 4360 4305
Trading strategy: call above 4360, target 4480 4530
Alternative strategy: bearish below 4360, target 4480 4530
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