SP500: Shorts move down

Fundamental analysis:

The S&P 500 index closed down 54.44 points, or 1.40%, at 3,824.00 points on December 22 (Thursday); the number of Americans filing for unemployment benefits was little changed and remained close to historical lows, highlighting the fact that in a supply-constrained labor market, Businesses are reluctant to lay off workers. Continuing claims for state unemployment benefits edged down to about 1.67 million, and the number has been slowly rising, which may indicate that it is more difficult for the unemployed to find new jobs.

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

Brief technical analysis:

Looking at the 4-hour chart: the short-term momentum moves downward, and it begins to retreat after a short-term decline. The market is in a downward trend of short positions. The MACD indicator is hovering weakly below the 0 axis, and the RSI indicator is weakly finishing below the 50 balance line;

Long and short turning point: 3857

Suppression: 3880, 3904

Support: 3821, 3799

Trading strategy: bearish below 3857, target 3821, 3799

Alternative strategy: call above 3857, target 3880, 3904