CM Trade

Download APP to receive bonus

GET

S&P: Penurunan ganda

2023-08-26
367
Fundamental analysis:

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

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