Fundamental analysis:
On December 1 (Thursday), the S&P 500 index closed down 3.48 points, or 0.09%, to 4076.63 points; American employers announced that they would lay off 76,835 people in November, an increase of 127% from the previous month. This is the sixth month since the beginning of this year that the number of layoffs has been higher than that of the same period last year. Still, the year-to-date total is the second-lowest on record, trailing only last year's total.
S&P SP500 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: After the bulls pulled up rapidly, the highs fluctuated within a narrow range. The market bulls encountered resistance in the short term, and the bear sentiment showed signs of waiting for an opportunity to enter the market. The MACD indicator moved slowly upwards in the bullish zone, and the RSI indicator hovered in the bullish zone;
Long and short turning point: 4082
Suppression: 4094, 4109
Support: 4065, 4053
Trading strategy: bearish below 4082, target 4065, 4053
Alternative strategy: call above 4082, target 4094, 4109