SP500: low shock

Fundamental analysis:

The S&P 500 index closed up 64.58 points, or 1.71%, at 3,847.80 points on Thursday, December 29; the number of initial jobless claims has fluctuated in recent weeks, but has been well below the threshold of 270,000, according to economists Consider this a red flag for the job market. Massive layoffs in interest-rate-sensitive industries such as technology and real estate have yet to have a significant impact on initial jobless claims, as laid-off workers appear to be finding new jobs with relative ease.

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

Brief technical analysis:

Looking at the 4-hour chart: the low level maintains a wide range of fluctuations, and there is a short-term upward trend, but the overall trend is still in a downward trend. The MACD indicator is weakly hovering below the 0 axis, and the RSI indicator is weakly hovering near the 50 balance line;

Long-short turning point: 3881

Suppression: 3904, 3924

Support: 3845, 3820

Trading strategy: bearish below 3881, target 3845, 3820

Alternative strategy: call above 3881, target 3904, 3924