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The market lowered the expectation that the Federal Reserve would suspend tightening policy

2022-06-07
1007
Fundamental analysis:

On June 6 (Monday), the S & P 500 index closed up 11.78 points, or 0.29%, at 4120.32; The strong employment report released on Friday lowered market expectations that the Federal Reserve would suspend aggressive tightening policies to combat inflation. And further urge the Federal Reserve to raise interest rates aggressively.


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



Technical comments: it has been maintained in the high-level and wide range oscillation in the Bollinger belt index channel for a long time, the Bollinger belt index is in the closing trend and continues to shift, the MACD index is in the long area and slowly retreats to hovering around the 0 axis, and the RSI index is in the narrow range consolidation near the 50 equilibrium line;


Multi empty turning point: 4120


Pressing position: 4151, 4178


Support position: 4077, 4042


Trading strategy: bearish below 4120, target 4077, 4042


Alternative strategy: bullish above 4120, target 4151, 4178


The above analysis is a personal point of view and is for reference only.

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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