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SP500: Bears tumble sharply
2023-04-26
798
Fundamental analysis:
On April 25 (Tuesday), the S&P 500 index closed down 64.49 points, or 1.56%, to 4072.55 points; financial stability risks have not completely subsided. Worries about the global economy have re-spreaded into financial markets, and expectations for the Fed to reverse the process of raising interest rates have risen again.
S&P SP500 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the market is shrouded in bearish sentiment, and reversed after a short-term rapid decline. Short-term short-term momentum continues to move downward.
Resistance: 4119 4126
Support level: 4101 4094
Trading strategy: bearish below 4113, target 4101 4094
Alternative strategy: call above 4113, target 4119 4126
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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