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SP500: multi head up

2022-09-12
437
Fundamental analysis:

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:



Technical analysis:


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

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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