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SP500: High bit downlink

2022-10-28
1138
Fundamental analysis:

The S&P 500 index closed down 21.10 points, or 0.55%, at 3809.50 on October 27 (Thursday); As of October 22, the number of people who applied for unemployment benefits for the first time in the United States actually announced 10000, and expected 220000, with a previous value of 214000. The initial monthly rate of durable goods orders in the United States in September was actually%, expected to be 0.6%, and the previous value was - 0.2%.


S&P SP500 - 4-hour K line chart shows:



Technical analysis:


The 4-hour chart shows that the momentum of high short positions remains volatile and moves downward, and the short-term decline may continue. Short positions emerge in the market. MACD indicators are in the downward trend of long positions, and RSI indicators are in the weak position near the 50 equilibrium line;


Multi empty turning point: 3803


Pressing: 3829, 3851


Support: 3763, 3742


Trading strategy: bearish under 3803, target 3763, 3742

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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