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SP500: move up the low position

2022-12-22
1126
Fundamental analysis:
The S&P 500 index closed up 56.68 points, or 1.48%, at 3,878.30 points on December 21 (Wednesday); the US December Conference Board Consumer Confidence Index: After several consecutive months of decline, there was a decline in December. risen. The index is now at 108.3, up sharply from 100.2 in November. That suggested a rebound in consumer confidence in December, reaching its highest level since April 2022.

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



Brief technical analysis:
Looking at the 4-hour chart: the low-level bullish momentum continues to fluctuate and rise, short-term bullish sentiment emerges, the market bullish momentum continues, the MACD indicator is in the short-selling area and moves up, and the RSI indicator is hovering weakly above the 50 balance line;
Long and short turning point: 3898
Suppression: 3933, 3954
Support: 3875, 3850
Trading strategy: Bullish above 3898, target 3933, 3954
Alternative strategy: bearish below 3898, target 3875, 3850

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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