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SP500: low short down

2022-09-07
427
Fundamental analysis:

The S & P 500 index closed down 13.68 points, or 0.35%, at 3910.58 on Tuesday, September 6; The worsening economic downturn in the United States in August highlights the growing risk of worsening economic recession as households and enterprises struggle to cope with rising cost of living and tighter financial conditions.


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



Technical analysis:


According to the 4-hour chart, the market is shrouded in short-term sentiment, with weak narrow range consolidation and slow downward trend. MACD indicator is in the short region, and the RSI indicator is in the short region, and remains weak and volatile;


Long short turning point: 3917


Pressing position: 3940, 3964


Support position: 3883, 3863


Trading strategy: 3917 bearish, target 3883, 3863


Alternative strategy: bullish above 3917, target 3940, 3964

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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