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SP500: move up the high position

2023-01-27
997
Fundamental analysis:

On January 26 (Thursday), the S&P 500 Index closed up 44.21 points, or 1.1%, to 4060.43 points; It was the lowest level since the beginning of the week, as unemployed workers found it much easier to find a new job than to apply for government benefits. That partly reflects the stagnant pace of government handouts in a world of rising prices and wages.

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



Brief technical analysis:

Looking at the 4-hour chart: the high-level bullish momentum remains volatile and pulls up, the market is bullish, and the short-term bullish momentum shows signs of continuing to rise upwards. The MACD indicator is in the bullish zone and the RSI indicator is in the bullish zone and remains hovering;

Long-short turning point: 4069

Suppression: 4081, 4092
Support: 4059, 4048

Trading strategy: Bullish above 4069, target 4081, 4092
Alternative strategy: bearish below 4069, target 4059, 4048

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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