US stock SPX analysis 8.22

Today, the daily K is 10 high, and the upward target has been reached in time and space. The current trend is upward, and it has entered the overbought range. There is no confirmation pullback signal after overbuying. In the current state, it can continue to be bullish. After a confirmation signal of pullback appears, we will see a pullback.

Trading strategy: Decrease positions when they rise in the short term (or move stop-loss), then step back up in the future. Long-term multiple orders continue to be held unabated.

Pressure levels: 5650, 5682, 5700, and the ultimate position was raised to 5723. The previous positions were reduced in the short term, or used as moving stop-loss positions. When higher, lower positions, and do not increase positions.

Support levels: 5650, 5630, 5619. Short-term support levels buy back the portion of the reduced position and increase the position on the low. The market continued to go long even after the pullback.