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S & P: shock up

2022-06-22
1170
Fundamental analysis:

The S & P 500 index closed up 90.01 points, or 2.45%, at 3764.85 points on Tuesday, June 21; The rise in borrowing costs and the weakening of economic growth expectations have also damaged riskier assets and boosted the attractiveness of relatively safe assets such as the US dollar.



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




Technical analysis:


According to the 4-hour chart, the low-level Bull Power maintained a concussion and moved up to the node near the upper rail of the Bollinger belt index and began to concussion. The short-term bull power continued to rise. The Bollinger belt index began to open its mouth gradually after it showed a closing trend. The MACD index was in the short area, and the low-level Bull Power maintained a concussion and moved up to the 0 axis, and the RSI index low-level Bull Power maintained a concussion and moved up to the 50 balanced online side for sorting;


Multi empty turning point: 3743


Pressing position: 3795, 3830


Support position: 3709, 3670


Trading strategy: bullish above 3743, target 3795, 3830


Alternative strategy: bearish below 3743, target 3709, 3670

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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