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S & P: bearish shock downward

2022-07-01
1275
Fundamental analysis:

On June 30 (Thursday), the S & P 500 index closed down 32.80 points, or 0.86%, to 3786.03 points; The US stock market closed lower on Thursday, ending the dismal June and second quarter. Meanwhile, the S & P 500 index recorded its worst performance in the first half of the year in more than half a century.


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



Technical analysis:


According to the 4-hour chart, the bearish power continued to fluctuate and descend near the downtrack of the Bollinger belt index, the Bollinger belt index was moving downward in a closing reversal, the MACD index was hovering under the 0 axis, and the RSI index was in a weak consolidation under the 50 equilibrium line;


Multi empty turning point: 3801


Pressing position: 3840, 3881


Support position: 3744, 3713


Trading strategy: 3801 down bearish, targets 3744, 3713


Alternative strategy: bullish above 3801, target 3840, 3881

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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