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SP500: short low shock

2022-09-02
521
Fundamental analysis:

The S & P 500 index closed up 14.07 points, or 0.36%, at 3969.07 on Thursday, September 1; The market focused on the US August non farm employment report released in the evening, which will be one of the key data guiding the September meeting of the Federal Reserve policymakers.


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



Technical analysis:


According to the 4-hour chart, the short power maintains a good downward trend, and the low short-term shock rebounds, but the downward trend has not been changed. The MACD indicator is in the short area, and the RSI indicator is in the lower side of the 50 equilibrium line;


Long and short turning point: 3971


Pressing position: 3993, 4017


Support position: 3939, 3908


Trading strategy: 3971 lower bearish, target 3939, 3908


Alternative strategy: bullish above 3971, targets 3993 and 4017

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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