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SP500: high speed downlink

2022-09-14
1107
Fundamental analysis:

The S&P 500 index closed down 177.89 points, or 4.33%, at 3932.52 on September 13 (Tuesday); US inflation is still facing very stubborn pressure, which will lead to a change in the market's interest rate expectations of the Federal Reserve. The 4% interest rate, which is regarded as the symbol of the end of the Fed's interest rate increase, is not high enough.



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



Technical analysis:


According to the 4-hour chart, the market's short power entered the market rapidly, the short-term decline was strong, the low point in the early stage was close at hand, and the breaking point was imminent. The MACD index was in the bull area and remained in the shock downward to hover near the 0 axis. The RSI index was in the narrow range below the 50 equilibrium line;


Empty turning point: 3947


Pressing position: 3969, 3995


Support position: 3907, 3883


Trading strategy: 3947 bearish, target 3907, 3883


Alternative strategy: bullish above 3947, target 3969, 3995

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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