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SP500: low pull up

2022-12-13
1046
Fundamental analysis:
The S&P 500 index closed up 55.32 points, or 1.41%, at 3989.70 points on December 12 (Monday). The core CPI monthly rate in the United States in November may remain firm, rising 0.3% month-on-month for the second consecutive month. Rising housing prices are likely to remain the main source of uncertainty, though again lower commodity prices are expected to offset. important. Gasoline prices are expected to moderate the CPI as gasoline prices recorded a drop in November.

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


Brief technical analysis:
Looking at the 4-hour chart: the low-level bulls have strong momentum, short-term bullish sentiment emerges, the market bulls continue to climb, the MACD indicator is finishing below the 0 axis, and the RSI indicator is hovering above the 50 balance line;
Long-short turning point: 3987
Suppression: 4002, 4014
Support: 3974, 3962
Trading strategy: Bullish above 3987, target 4002, 4014
Alternative strategy: bearish below 3987, target 3974, 3962

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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