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S & P: continuous shock
2022-07-06
1146
Fundamental analysis:
On July 5 (Tuesday), the S & P 500 index closed up 6.47 points, or 0.17%, at 3831.80; S & P is coming out of its worst first half performance in more than 50 years. Investors are worried that the combination of factors such as the hawkish stance of the Federal Reserve and soaring inflation will cause the economy to shrink. If macroeconomic data cannot confirm the economic recession, the stock market may rise further, but if the economy does shrink.
S & P SP500 - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart: in the short term, it is in the broad arrangement in the Bollinger belt index channel. During this period, it repeatedly spies the nodes of the upper and lower tracks. After the Bollinger belt index shows a closing trend, it begins to slowly open its mouth. The MACD index is in a weak position near the 0 axis, and the RSI index is in a 50 balanced narrow adjustment on the online side;
Long short turning point: 3845
Pressing position: 3887, 3926
Support position: 3789, 3748
Trading strategy: bearish below 3845, targets 3789, 3748
Alternative strategies: bullish above 3845, targets 3887, 3926
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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