简体中文
ภาษาไทย
繁體中文
Indonesia
SP500: bears down
2023-06-01
749
Fundamental analysis:
The S&P 500 index closed down 22.77 points, or 0.54%, at 4182.75 points on May 31 (Wednesday); Voted to pass on Wednesday. After the agreement passes the House of Representatives, it will be sent to the Senate for review. The agreement needs to be approved by Congress before June 5, otherwise the United States may fall into an unprecedented debt default by then, which will trigger economic chaos in the United States and the world.
S&P SP500 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The short-term momentum continues to fluctuate downwards at a high level, and the short-term decline has not stopped. The market is shrouded in bearish sentiment, and it will continue to move downward in the short term. The MACD indicator is in the bullish area and moves down to 0. The lower side of the equilibrium line is weak;
Resistance: 4201 4210
Support: 4180 4173
Trading strategy: bearish below 4193, target 4180 4173
Alternative strategy: call above 4193, target 4201 4210
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 AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
