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S & P: bulls move up

2022-06-24

1185

SP500

Fundamental analysis:

The S & P 500 index closed up 35.87 points, or 0.95%, at 3795.75 points on Thursday, June 23; As high inflation and declining consumer confidence comprehensively suppressed demand, business activity in the United States slowed significantly in June.

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

Technical analysis:

According to the 4-hour chart, the upper rail section of the Bollinger belt index channel continued to fluctuate and rise, the Bollinger belt index showed a good upward trend, the MACD index remained in the short area and moved upward to the upper side of the 0 axis, and the RSI index continued to narrow at the upper side of the 50 equilibrium line;

Long short turning point: 3769

Pressing position: 3819, 3849

Support position: 3737, 3709

Trading strategy: bullish above 3769, targets 3819 and 3849

Alternative strategy: bearish below 3769, target 3737, 3709

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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S & P: bulls move up

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