The S & P 500 index closed up 60.77 points, or 1.52%, at 4066.95 on Friday, September 9; According to the latest data of the St. Louis Fed's GDP nowcast model, it is expected that the GDP growth of the United States in the third quarter of this year will drop from 1.12% to 0.61% (the initial expectation is 1.5%).
S & P SP500 - 4-hour K-line chart shows:
According to the 4-hour chart, the low-level bulls kept surging, the short-term bullish sentiment was shrouded, the MACD index was hovering in the long area, and the RSI index was in the long area and kept finishing up;
Long short turning point: 4058
Pressing position: 4087, 4109
Support position: 4035, 4012
Trading strategy: bullish above 4058, targeting 4087 and 4109
Alternative strategy: 4058 down bearish, target 4035, 4012