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S & P: high and narrow range shock retreat

2022-07-25
1175
Fundamental analysis:

On July 22 (Friday), the S & P 500 index closed down 35.85 points, or 0.90%, to 3963.10 points; Inflation and recession will dominate the Fed's interest rate hike path. Compared with raising interest rates by 100 basis points, raising interest rates by 75 basis points is a less hawkish choice, but it has also been the most radical interest rate increase route of the Federal Reserve in decades, which undoubtedly exacerbated people's concerns about the economic recession.


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



Technical analysis:


Looking at the 4-hour chart: the Bull Power maintained a narrow range of concussion and rise, the high level began to consolidate in the short term, the short power showed signs of waiting for the opportunity to enter, and there was a short-term retreat trend. The MACD index was in the high consolidation of the bull region, and the RSI index was in the weak hovering of the bull region;


Long short turning point: 3974


Pressing position: 3991, 4008


Support position: 3948, 3927


Trading strategy: 3974 down, targets 3948, 3927


Alternative strategies: bullish above 3974, targets 3991, 4008

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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