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SP500: short power fell strongly
2022-08-23
1290
Fundamental analysis:
The S & P 500 index closed down 87.63 points, or 2.07%, at 4140.85 on Monday, August 22; The focus of the market is on the speech made by US Federal Reserve Chairman Powell at the Jackson Hole central bank Seminar on Friday to further understand how aggressive the Federal Reserve may be in raising interest rates in the future.
S & P SP500 - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, the short power fluctuates and falls strongly, and the low level has not yet stopped. The low level in the early stage is close and the break is imminent. The MACD indicator remains weak and moves down in the short area, and the RSI indicator is in the narrow range of the low level in the short area;
Long and short turning point: 4153
Pressing position: 4169, 4183
Support position: 4130, 4116
Trading strategy: 4153 down bearish, targets 4130 and 4116
Alternative strategy: bullish above 4153, targets 4169 and 4183
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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