The S&P 500 index closed up 203.68 points, or 5.43%, at 3952.25 on November 10 (Thursday); The number of Americans applying for unemployment benefits for the week ended November 5 was 225000, expected to be 220000, with a previous value of 217000. The interest rate swap market lowered the expectation that the Federal Reserve would raise interest rates by 75 basis points in December.
S&P SP500 - 4-hour K line chart shows:
The 4-hour chart shows that the bulls' momentum has risen rapidly, short-term bullish sentiment has emerged, and the market bulls maintain bullish sentiment. The MACD index is at the top of the 0 axis, and the RSI index is at the top of the 50 balanced online side;
Empty turning point: 3953
Pressing: 3974, 3991
Support: 3939, 3820
Trading strategy: bullish above 3953, target 3974, 3991
Alternative strategy: bearish under 3953, target 3939, 3820