Global stock market winds change suddenly, CSI 300 faces selling pressure

A brief analysis of the fundamentals:

On Monday (June 13), as high inflation in the United States hit market sentiment and risk aversion spread, global stock markets plummeted across the board, causing foreign investors to sell 13.5 billion crazy in one day, the first net sales in nearly 10 trading days. The three major A-share indexes opened lower and moved lower, with the decline narrowing in late trading. The CSI 300 Index closed down 1.17%. As the market expects that the Federal Reserve will start to raise interest rates sharply, US stocks are facing a crisis of liquidity crunch, which will suppress the investment sentiment of A-shares, and the CSI 300 will face greater selling pressure within days.

CSI 300 four-hour chart

A brief technical analysis:

From the 4-hour chart, the CSI 300 continues to form a tug-of-war around 4180, and the short-term trend is once again consolidating and fluctuating. The MACD column has not shrunk significantly, suggesting that the bullish momentum is still strong. After the adjustment is completed, the index is expected to regain its gains.

Long and short turning point: 4180

Resistance: 4270.00 4320.00

Support level: 4065.00 3920.00

Trading strategy: bullish above 4180.00, target 4270.00 4320.00

Alternative strategy: bearish below 4180.00, target 4065.00 3920.00