S & P: narrow trim up

On July 6 (Wednesday), the S & P 500 index closed up 13.71 points, or 0.36%, at 3845.10 points; The minutes of the meeting showed that officials believed that if inflation continued to be high, it was necessary to adopt a "more restrictive" monetary policy, and the US bond market selling intensified; Officials believe that the interest rate may be increased by 50 or 75 basis points in July, which is consistent with the statement made by President Powell at the press conference after the last meeting.

Looking at the 4-hour chart: after a short-term entanglement in the broad vibration in the Bollinger belt index channel, it began to move upward in the middle and upper rail range, and the Bollinger belt index showed a slow closing trend. The MACD index hovered around the 0 axis, and the RSI index was arranged above the 50 equilibrium line;

Long short turning point: 3845

Pressing position: 3887, 3926

Support position: 3789, 3748

Trading strategy: bullish above 3845, targets 3887, 3926

Alternative strategy: bearish below 3845, goals 3789, 3748