SP500: Bulls rise rapidly
2022-10-14
1100
Fundamental analysis:
The S&P 500 index closed up 92.47 points, or 2.59%, at 3669.50 on October 13 (Thursday); The annual rate of core CPI in the United States was 6.6% at the end of September, the highest since August 1982.
S&P SP500 - 4-hour K line chart shows:
Technical analysis:
The 4-hour chart shows that the power of low position bulls has risen rapidly, and short-term bullish sentiment has begun to pour in. The MACD index is maintained and moved up to around the 0 axis, and the RSI index is at the 50 equilibrium line and the market is weak;
Multi empty turning point: 3670
Pressing: 3700, 3723
Support: 3648, 3630
Trading strategy: bullish above 3670, target 3700, 3723
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