CSI 300: blocked at 4270

A brief analysis of the fundamentals:

On Thursday (June 16), the Federal Reserve announced to raise interest rates by 75 basis points in line with market expectations. US stocks rebounded and then weakened. The investment atmosphere was generally pessimistic, which in turn affected the sentiment of the A-share market. The CSI 300 index fluctuated after the opening. slumped, and finally closed down 0.66%. Under the domestic easing policy, the economy has rebounded in an orderly manner, and A-shares are expected to become a safe haven for foreign investment, and the future trend is still worth looking forward to.

CSI 300 four-hour chart

Technical brief:

From the 4-hour chart, the CSI 300 was obviously suppressed by the 4270 front line. After the opening upside was unsuccessful, it began to fall, and the MACD also began to show a level of volume, indicating that the market may continue to retrace and fluctuate in the short term. Continue to use 4270 as the watershed for long and short in the day, the above position is bullish, and the position is changed to fall to see adjustment

Long and short turning point: 4270

Resistance: 4320.00 4450.00

Support: 4150.00 4030.00

Trading strategy: bullish above 4270.00, target 4320.00 4450.00

Alternative strategy: bearish below 4270.00, target 4150.00 4030.00