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:
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