In the short term, there is support from the technical environment. Bank of America technical analyst Paul Chana said that the effectiveness of the S&P 500 index's upward breakthrough in August continues to be verified. However, momentum signals weakened, and the relatively strong indicators RSI and MACD indicators failed to confirm recent price highs. Seasonal headwinds, election uncertainty, and rising short-term yields mean that the market has entered a phase of greater pressure. The risk of high volatility rises from September to October, and is only expected to strengthen again from November to December. “The index is stable above 7,500 points, and the upward trend remains complete; however, with rising yields, the market is more likely to fluctuate and consolidate rather than accelerate the upward trend.” He gave target points of 8,000 points, 8,234 points, and a potential high of 8541 points. “As long as the 7500-7504 point support holds, the trend will still bias higher.”

In the short term, there is support from the technical environment. Bank of America technical analyst Paul Chana said that the effectiveness of the S&P 500 index's upward breakthrough in August continues to be verified. However, momentum signals weakened, and the relatively strong indicators RSI and MACD indicators failed to confirm recent price highs. Seasonal headwinds, election uncertainty, and rising short-term yields mean that the market has entered a phase of greater pressure. The risk of high volatility rises from September to October, and is only expected to strengthen again from November to December. “The index is stable above 7,500 points, and the upward trend remains complete; however, with rising yields, the market is more likely to fluctuate and consolidate rather than accelerate the upward trend.” He gave target points of 8,000 points, 8,234 points, and a potential high of 8541 points. “As long as the 7500-7504 point support holds, the trend will still bias higher.”