The S&P 500 index closed down 10.79 points, or 0.27%, at 3948.00 on November 17 (Thursday); Federal Reserve Brad: As the Federal Reserve strives to fight against inflation, inflation risk may rise now, but this will not be the basic situation. The basic situation is that the economy is growing slowly rather than recession, but the impact may change the prospects.
S&P SP500 - 4-hour K line chart shows:
The 4-hour chart shows that the momentum of high short positions remains volatile and downward, and the short-term decline may continue. The downward trend of short positions in the market as a whole will continue. The MACD indicator moves downward and hovers near the 0 axis, and the RSI indicator is in a weak position near the 50 equilibrium line;
Empty turning point: 3967
Pressing: 3994, 4017
Support: 3935, 3910
Trading strategy: bearish under 3967, target 3935, 3910
Alternative strategy: bullish above 3967, target 3994, 4017