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SP500: Rising bulls

2023-01-09
978
Fundamental analysis:
The S & P 500 closed at 85.50 points on January 6 (Friday), an increase of 2.25%to 3893.60 points; the U.S. unemployment rate fell from 3.6%to 3.5%, the lowest level since the end of the 1960s. The monthly salary rate rose slightly by 0.3%, indicating that the salary level was cooling; the annual salary growth rate slowed from 4.8%to 4.6%, the minimum increase since the summer of 2021.

S & P500-14 hours K -line diagram display:



Technical analysis:
4 -hour charts: The long -term power rises, the short -term multi -headed emotions have emerged, the market's long -term bullish situation is good, the MACD indicators are hovering on the 0 axis side, the RSI indicator is on the 50 equilibrium line on the side of the 50 balance line;
Multi -short turning point: 3910
Suppression: 3924, 3934
Support: 3901, 3891
Trading strategy: Bull above 3910, target 3924, 3934
Alternative strategy: 3910, go below, target 3901, 3891

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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