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SP500: Bears down
2022-12-06
1080
Fundamental analysis:
The S&P 500 index closed down 73.00 points, or 1.79%, at 3998.70 points on December 5 (Monday); the market believes that the Fed seems to be preparing to raise interest rates twice, each raising interest rates by 50 basis points to 5%, and within a period of time maintain this level over time. This is similar to what happened between June 2006 and September 2007, when the Fed completed a tightening cycle by keeping interest rates high.
S&P SP500 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum has fallen sharply, the short-term decline may continue, the market is in a good short position, the MACD index maintains shocks and descends to hover around the 0 axis, and the RSI index is in a weak position below the 50 balance line;
Long-short turning point: 4011
Compression: 4024, 4035
Support: 3991, 3980
Trading strategy: bearish below 4011, target 3991, 3980
Alternative strategy: call above 4011, target 4024, 4035
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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