The probability of the Federal Reserve raising interest rates by 50 basis points in June is 97.9%

Fundamental analysis:

The S & P 500 index closed down 21.84 points, or 0.53%, at 4136.40 on May 31 (Tuesday); According to CME "fed observation", the probability of the Fed raising interest rates by 25 basis points by June is 0%, the probability of raising interest rates by 50 basis points is 97.9%, and the probability of raising interest rates by 75 basis points is 2.1%.

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

Technical comments: the bullish power continued to fluctuate and rise near the upper rail of the Bollinger belt index. The high level retreated when it reached the node near 4203, and began to sort out after it was near the node near the middle rail. In the short term, it will maintain the downward movement of the oscillation. The Bollinger belt index continued to close, the MACD index maintained the slow downward movement of the oscillation in the long region, and the RSI index was in the downward movement of the oscillation in the long region;

Multi empty turning point: 4153

Pressing position: 4209, 4270

Support position: 4063, 4032

Trading strategy: bearish below 4153, target 4063, 4032

Alternative strategy: bullish above 4153, targets 4209 and 4270

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