Employment demand remains strong and S & P surges

Fundamental analysis:

The S & P 500 index closed up 75.87 points, or 1.85%, at 4177.10 points on Thursday, June 2; The number of new jobless claims in the United States fell unexpectedly, as the demand for employment remains strong, which will help support the economy under the circumstances of rising interest rates and tightening financial environment.

S & P SP500 - 4-hour K-line diagram display:

Technical comments: the force of high short positions kept fluctuating downward, and began to vibrate after reaching the nodes near 4070. The bull dynamics waited for the opportunity to enter, and the strong reversal and upward movement were entangled in the continuous upward movement of the upper rail section in the Bollinger belt index channel. The Bollinger belt index continued to shift in a closing trend. The MACD index was in the bull area above the 0 axis to maintain consolidation, and the RSI index was in the 50 equilibrium line side to maintain a slow upward movement;

Multi empty turning point: 4163

Pressing position: 4206, 4235

Support position: 4132, 4101

Trading strategy: bullish above 4163, targets 4206 and 4235

Alternative strategy: bearish below 4163, target 4132, 4101

The above analysis is a personal point of view and is for reference only.