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SP500: move down the low position
2023-02-23
894
Fundamental analysis:
On February 22 (Wednesday), the S&P 500 index closed down 4.90 points, or 0.12%, to 3992.44 points; before inflation continues to fall back to 2%, restrictive policies need to be adopted, and it will take time to control inflation. A 25 basis point hike would allow officials to balance risks as they assess the future path of interest rates.
S&P SP500 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum continues to fluctuate and move down, the short-term decline has not stopped, the market as a whole is in a weak downward movement, the MACD index is in the short area and the shock is moving down, and the RSI index is hovering at the low level in the short area;
Long-short turning point: 4003
Suppression: 4015, 4026
Support: 3985, 3974
Trading strategy: bearish below 4003, target 3985, 3974
Alternative strategy: call above 4003, target 4015, 4026
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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