CM Trade

Download APP to receive bonus

GET

SP500: Low position short continued downward

2022-09-16
1132
Fundamental analysis:

The S&P maintained that the 500 index closed down 45.09 points, or 1.14%, at 3900.92 on September 15 (Thursday); The import price of the United States fell for the second consecutive month in August, easing the inflationary pressure. The stronger US dollar helps reduce the cost of overseas manufactured products.


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



Technical analysis:


The 4-hour chart shows that the power of short positions fell rapidly, and the low positions moved down again after narrow range consolidation. The overall decline of the market remained unchanged, and there was no sign of stopping. The MACD index remained in the short positions and maintained consolidation, while the RSI index remained weak in the short positions;


Empty turning point: 3916


Pressing position: 3934, 3952


Support position: 3892, 3876


Trading strategy: 3916 lower bearish, 3892 and 3876 targets


Alternative strategy: bullish above 3916, target 3934, 3952


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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More