SP500: Move down the short position maintenance

Fundamental analysis:

The S&P maintained that the 500 index closed down 35.54 points, or 0.96%, at 3657.69 on September 26 (Monday); The core of the gloom that shrouds the global market is that major global central banks, including the Federal Reserve, raised interest rates sharply last week, which led to worrying economic growth prospects. Due to the relatively optimistic economic outlook of the United States, the advantages of the US dollar over other currencies have also been strengthened.

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

Technical analysis:

The 4-hour chart shows that the short selling power maintains a narrow range of consolidation and slowly declines. The market's short selling sentiment is shrouded, and the short-term decline has not stopped. The MACD index is in the low consolidation of short selling areas, and the RSI index is hovering at the low level of short selling areas;

Empty turning point: 3684

Pressing position: 3719, 3751

Support position: 3633, 3596

Trading strategy: 3684 lower bearish, target 3633, 3596

Alternative strategy: bullish above 3684, target 3719, 3751