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SP500: wide oscillation

2023-04-20
844
Fundamental analysis:

The S&P 500 index closed up 0.04 points, or 0.00%, at 4154.91 points on April 19 (Wednesday);Some recent data suggested the U.S. economy remains resilient and fueled concerns that the Fed may have more work to do.

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



Brief technical analysis:

Looking at the 4-hour chart: the market maintains a wide range of shocks, and the high and low nodes have been probed back and forth many times in the short term. The market as a whole is still in high volatility, the MACD indicator is in the bullish area and the RSI indicator is hovering above the 50 balance line;

Resistance: 4187 4197

Support level: 4164 4153

Trading strategy: bearish below 4175, target 4164 4153
Alternative strategy: call above 4175, target 4187 4197

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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