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SP500: Low level oscillation moves down
2022-10-13
1178
Fundamental analysis:
The S&P 500 index closed down 12.04 points, or 0.34%, at 3576.80 on October 12 (Wednesday); The US producer price rose more than expected in September, indicating that the inflationary pressure will take time to ease and that the Federal Reserve will continue to actively raise interest rates.
S&P SP500 - 4-hour K line chart shows:
Technical analysis:
The 4-hour chart shows that the market bearish mood is shrouded, the amplitude space gradually narrows and slowly settles down, the short-term bearish mood remains unchanged, the MACD indicator remains in the bearish area to maintain consolidation, and the RSI indicator remains weak in the bearish area;
Empty turning point: 3599
Pressing: 3616, 3632
Support: 3576, 3560
Trading strategy: 3599 lower bearish, target 3576, 3560
Alternative strategy: bullish above 3599, target 3616, 3632
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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