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S & P: strong pull up

2022-07-18
1124
Fundamental analysis:

On July 15 (Friday), the S & P 500 index closed up 70.26 points, or 1.85%, at 3860.64 points; The federal funds interest rate futures market was shocked by a big deal on Friday. The direction of this deal is to bet on the increasingly mainstream Fed's prediction of raising interest rates by 1 percentage point this month.


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



Technical analysis:


According to the 4-hour chart, the low-level bull power has been strongly pulled up, the short-term bull power has no sign of stopping, and it continues to move upward. The MACD index is in the short area, maintaining the consolidation, and moving up to hovering near the 0 axis, and the RSI index is in the 50 equilibrium online side consolidation;


Long short turning point: 3853


Pressing position: 3881, 3899


Support position: 3835, 3816


Trading strategy: bullish above 3853, targets 3881, 3899


Alternative strategies: bearish below 3853, goals 3835, 3816

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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