[Bank of America: The effectiveness of the S&P 500 index’s upward breakthrough in August continues to be verified] September 3rd, in the short term, the technical environment is supportive. Paul Channer, a technical analyst at Bank of America, said that the effectiveness of the S&P 500's upward breakthrough in August continues to be verified. However, the momentum signal weakened, and the relative strength indicator 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 stage of greater pressure. The risk of high volatility has increased in September-October, and it is expected to strengthen again in November-December. "The index has stabilized above 7,500 points, and the upward trend remains intact; but as yields rise, the market is more likely to enter a shock consolidation rather than accelerate upward." He gave target levels of 8,000 points, 8,234 points, and a potential high of 8,541 points. “As long as the 7500-7504 point support holds, the trend will still be higher.”