US stock SPX daily analysis 8.23
After today's K high of 9, I stepped back on yesterday. The position of stepping back was the 4-hour lower Bollinger band support level, which rebounded below 5,600. There is currently no dead cross in Japan-K KDJ. The MACD fast and slow line is above the 0 axis. Currently, it is still in a bullish trend. If there is a backlash, you can still go long. If you added a position at a low when you stepped back yesterday, don't increase your position when it goes up; just wait and see, and do a good job of moving and stopping profit. If you don't rebound by adding a position, don't chase higher; it's safer to go back and increase your position than to go higher to increase your position.
Trading strategy: After adding positions on dips yesterday, there is a rebound and no increase in positions today. In the short term, you can reduce positions at high prices, or you can move stop losses (see pressure levels at points), and not decrease in the long term.
Pressure levels: 5640, 5660, 5680. The limit level was raised to 5732. The focus is on observing the pressure level. After breaking through, hold and use the breakthrough pressure level as a mobile stop loss position. The pressure level is not suitable for adding positions.
Support levels: 5619, 5600, 5578. In the short term, every support level can be added back.
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