S & P: Bull reverse up

The S & P 500 index closed up 39.95 points, or 1.06%, at 3825.33 points on July 1 (Friday); The latest PMI data has fallen to a level, indicating that the manufacturing industry has played a drag on GDP. As the summer passes, this drag will further intensify, and forward-looking indicators such as business expectations, new order inflows, workload backlog and input procurement have significantly deteriorated,

According to the 4-hour chart: the short power continues to fluctuate and descend in the middle and lower rail range of the Bollinger belt index channel. After the low level touches the nodes near the lower rail, it starts to sort out, reverse and move up, break through the middle rail and enter the middle and upper rail range. The short-term long power is waiting for an opportunity to rise, the Bollinger belt index continues to close, the MACD index is weak and hovering below the 0 axis, and the RSI index breaks through the 50 equilibrium line after the low level narrow range sorting and enters the long area for sorting;

Multi empty turning point: 3801

Pressing position: 3873, 3921

Support position: 3757, 3713

Trading strategy: bullish above 3801, targets 3873, 3921

Alternative strategy: 3801 down, goals 3757, 3713