Fed data indicates that stock market investors may face a "lost decade"

Fundamental analysis:

The S & P 500 index closed down 97.95 points, or 2.38%, at 4017.82 on Thursday, June 9; According to the financial account data released by the Federal Reserve, the value of stock positions decreased by nearly $3trillion, reducing the net wealth of U.S. households by more than $500billion in the first quarter.

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

Technical comments: after a long period of wide-range oscillation, the amplitude space gradually narrowed. The short-term short-term power waited for the opportunity to enter the market and fell rapidly. After the low-level reached the node near 4013, it was sorted out. The short-term short-term short-term power showed signs of rapid decline. The Bollinger belt index continued to open its mouth. The MACD index continued to move downward under the 0 axis, and the RSI index remained below the 50 equilibrium line;

Multi empty turning point: 4035

Pressing position: 4063, 4092

Support position: 3987, 3957

Trading strategy: 4035 bearish, target 3987, 3957

Alternative strategy: bullish above 4035, target 4063, 4092

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