CM Trade

Download APP to receive bonus


SP500: Low short position moves down weakly

Fundamental analysis:

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:

Technical analysis:

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

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar