The S&P maintained that the 500 index closed down 33.63 points, or 0.89%, at 3756.30 on September 22 (Thursday); US Bureau of Economic Analysis: The US current account deficit decreased by 31.5 billion US dollars, or 11.1%, to 251.1 billion US dollars in the second quarter of 2022. The revised first quarter deficit was $282.5 billion.
S&P SP500 - 4-hour K line chart shows:
The 4-hour chart shows that the bearish power moves downward in a step like manner, and the low position is sorted out in a narrow range in a short term. The bearish sentiment of the market is good. The MACD index is sorted out in the low position in the short position area, and the RSI index is hovering in the weak position in the short position area;
Empty turning point: 3781
Pressing position: 3804, 3825
Support position: 3750, 3725
Trading strategy: 3781 bearish, target 3750, 3725
Alternative strategy: bullish above 3781, target 3804, 3825