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SP500: wide oscillation

2023-04-25
805
Fundamental analysis:

The S&P 500 index closed up 3.84 points, or 0.09%, at 4137.36 points on April 24 (Monday); the Dallas Fed said in its April manufacturing outlook survey that the performance in the first quarter was in line with expectations, except for the auto market , all markets were weaker.

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



Brief technical analysis:

Looking at the 4-hour chart: the short-term maintains a wide range of shocks, and the market bulls enter the market in the short-term, but still maintains a wide range of shocks. The MACD indicator is hovering below the 0 axis, and the RSI indicator is in a weak order near the 50 balance line;

Resistance: 4164 4171

Support level: 4145 4138

Trading strategy: Bullish above 4153, target 4164 4171
Alternative strategy: bearish below 4153, target 4145 4138

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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