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SP500: High giant earthquake

2022-12-14
1056
Fundamental analysis:
The S&P 500 index closed up 28.74 points, or 0.72%, at 4019.30 points on December 13 (Tuesday). The U.S. Department of Labor announced that the inflation data for November was significantly lower than expected and the previous value, consolidating expectations of the Federal Reserve’s hawkish policy loosening.

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


Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum has risen rapidly and then retreated. It is at a high level and is finishing after the huge earthquake. The short-term bullish sentiment is still there.
Long-short turning point: 4046
Compression: 4070, 4086
Support: 4032, 4016
Trading strategy: Bullish above 4046, target 4070, 4086
Alternative strategy: bearish below 4046, target 4032, 4016

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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