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SP500: Low level vibration lifting

2022-09-20
1150
Fundamental analysis:

The S&P maintained that the 500 index closed up 26.56 points, or 0.69%, at 3899.89 on September 19 (Monday); Investors are ready to welcome major central banks, especially the Federal Reserve, to raise interest rates sharply this week to curb high inflation. However, it is unlikely that the Federal Reserve will further expand and increase interest rates.


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



Technical analysis:


The 4-hour chart shows that the bearish power has maintained a shock downward, the low short-term bulls have entered the market strongly, and the bulls are waiting for an opportunity to enter the market. The MACD indicator is maintained in the bearish area, and the RSI indicator is in a weak position near the 50 equilibrium line;


Empty turning point: 3913


Pressing position: 3943, 3965


Support position: 3894, 3875


Trading strategy: 3913 lower bearish, 3894 and 3875 targets


Alternative strategy: bullish above 3913, target 3943, 3965

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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