S & P: continuous shock and rise

On July 8 (Friday), the S & P 500 index closed down 4.12 points, or 0.11%, at 3898.50; The next interest rate meeting of the Federal Reserve will be held from July 26 to 27, and a resolution will be made on July 28. Mester, a voting member of the Federal Reserve interest rate Committee, said that the interest rate meeting in July may involve a debate of 50 or 75 basis points. If the economic situation remained unchanged, she would advocate an increase of 75 basis points.

According to the 4-hour chart, the bull momentum continued to rise, and the short-term bull pull-up trend showed no sign of stopping. The MACD index hovered on the upper side of the 0 axis, and the RSI index was in a 50 balanced online narrow range;

Long short turning point: 3878

Pressing position: 3940, 3972

Support position: 3839, 3789

Trading strategy: bullish above 3878, targets 3940, 3972

Alternative strategies: bearish below 3878, goals 3839, 3789