The S&P 500 index closed up 34.98 points, or 0.88%, at 3991.35 on November 11 (Friday); The Federal Reserve is likely to raise interest rates by 50 basis points in December. The market expected that the probability of the Federal Reserve raising interest rates by 50 basis points in December was as high as 90%, and only 10% was possible to raise interest rates by 75 basis points.
S&P SP500 - 4-hour K line chart shows:
The 4-hour chart shows that the high level continues to move up, the short-term bullish sentiment remains, the market bull trend is good, the MACD index hovers at the high level in the bull region, and the RSI index is at the high level in the bull region;
Empty turning point: 3995
Pressing: 4018, 4033
Support: 3976, 3961
Trading strategy: bullish above 3995, target 4018, 4033
Alternative strategy: bearish under 3995, target 3976, 3961