SP500: wide oscillation
The S&P 500 index closed up 13.42 points, or 0.33%, at 4137.50 points on May 15 (Monday); the unprecedented potential default of the United States will plunge the country into recession and bring chaos to the global financial market. beginning to worry investors and consumers.
S&P SP500 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: short-term wide-ranging shocks and shifts, although the market’s short-term momentum has weakened, it is still in a bearish trend, the MACD indicator is weakly hovering around the 0 axis, and the RSI indicator is weakly finishing near the 50 balance line;
Resistance: 4160 4169
Support level: 4139 4130
Trading strategy: bearish below 4152, target 4139 4130
Alternative strategies: call above 4152, target 4160 4169
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