S & P: high continued to rise

Fundamental analysis:

On July 27 (Wednesday), the S & P 500 index closed up 99.40 points, or 2.54%, at 4020.45 points; The Federal Reserve raised the benchmark interest rate by 75 basis points to the range of 2.25% - 2.50%, which is 75 basis points for two consecutive interest rate increases. The Federal Reserve raised the discount rate from 1.75% to 2.50%. Reiterating that it may be appropriate to continue raising interest rates. The Federal Reserve is prepared to adjust its policy as appropriate.

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

Technical analysis:

According to the 4-hour chart, the Bull Power maintained a good momentum of shock and pull-up, and the short-term Bull Power showed signs of continuing to move upward. The MACD index hovered at the 50 equilibrium online side, and the RSI index was at the 50 equilibrium online side, finishing in a narrow range;

Long short turning point: 4010

Pressing position: 4043, 4065

Support position: 3988, 3966

Trading strategy: bullish above 4010, target 4043, 4065

Alternative strategy: down below 4010, targets 3988, 3966