The S&P 500 index closed up 68.07 points, or 1.75%, at 3,960.00 on March 16 (Thursday); the number of Americans filing for unemployment benefits recorded the largest drop since July last year, of which the number of people filing for unemployment benefits in New York fell The largest, offsetting most of the increase in initial jobless claims in the previous week.
S&P SP500 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum is rising strongly, short-term bullish sentiment emerges, the bullish momentum continues to rise, the MACD indicator moves upward on the upper side of the 0 axis, and the RSI indicator hovers weakly above the 50 balance line;
Resistance: 4010 4025
Support level: 3971 3954
Trading strategy: Bullish above 3987, target 4010 4025
Alternative strategy: bearish below 3987, target 3971 3954