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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

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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