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S & P continued to fall as the market waited for the Fed's policy statement

2022-06-15
863
Fundamental analysis:

The S & P 500 index closed down 13.75 points, or 0.37%, at 3735.88 points on Tuesday, June 14; The S & P 500 fell for the fifth consecutive day, the longest consecutive decline since early January. The index failed to rebound from the sharp sell-off in the previous trading day. The market is waiting for the key policy statement of the Federal Reserve, which will reveal how radical the policy path of the Federal Reserve will be.


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



Technical comments: the bearish force and momentum continued to fall near the brin zone index, and the low level reached near 3707. The medium and short-term bearish downward trend was good, the brin zone index showed a closing trend and continued to decline. The MACD index maintained a consolidation and translation at the bottom of the short zone, and the RSI index remained weak at the bottom of the short zone;


Long short turning point: 3773


Pressing position: 3813, 3853


Support position: 3704, 3664


Trading strategy: 3773 bearish below, target 3704, 3664


Alternative strategy: bullish above 3773, goals 3813 and 3853


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

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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