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SP500: high shock

2023-01-25
1001
Fundamental analysis:

The S&P 500 index closed down 4.15 points, or 0.10%, at 4015.66 points on Tuesday, January 24; traders expect the Fed to cut interest rates before the end of the year, while other central banks will become more "increased" as policies tighten. Hawks". Investors are now pricing in a softening of the Federal Reserve's stance as U.S. inflation shows signs of stabilizing and avoiding a hard landing for the U.S. economy has become a top priority.

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



Brief technical analysis:

The 4-hour chart shows: the high level fluctuates upwards, the short-term bullish sentiment remains, the market is entangled in the short-term high level short-term consolidation, the MACD indicator is in the high level consolidation in the bullish area, and the RSI indicator is hovering in the high level in the bullish area;

Long and short turning point: 4039

Compression: 4055, 4068
Support: 4026, 4014

Trading strategy: Bullish above 4039, target 4055, 4068
Alternative strategy: bearish below 4039, target 4026, 4014

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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