SP500: oscillating down

Fundamental analysis:

The S&P 500 index closed down 35.06 points, or 0.91%, at 3817.30 points on Monday, December 19; U.S. Treasury bonds have rebounded after a poor first 10 months in 2022, reflecting Wall Street’s optimism that inflation will Get under control quickly. Bond investors in general remain more hopeful of keeping inflation under control, more concerned about economic growth and skeptical that the Federal Reserve will continue to raise interest rates aggressively, factors that have boosted U.S. Treasuries in recent weeks.

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

Brief technical analysis:

Looking at the 4-hour chart: The short-term momentum maintains a slow downward trend, and the short-term lows are in a narrow range. The market’s short-term sentiment continues.

Long-short turning point: 3848

Suppression: 3868, 3887

Support: 3818, 3798

Trading strategy: bearish below 3848, target 3818, 3798

Alternative strategy: call above 3848, target 3868, 3887