The trend of U.S. stocks fell endlessly, and the minutes of the meeting hit

A brief analysis of the fundamentals:

Last Friday (May 20), the sell-off in U.S. stocks intensified, and painful trades spread to corners other than technology stocks. Even consumer stocks, which were relatively immune to turmoil, were hit. The S&P 500 fell after a wide range of shocks. To close at 3855.70 points. This week, the Federal Reserve will release the minutes of its May monetary policy meeting on Thursday. The views of the Fed's top management on the pace of subsequent interest rate hikes will have the most direct impact on the market outlook, so be sure to pay attention.

S&P 500 SP500 4-hour chart

A brief technical analysis:

From the 4-hour chart, the S&P 500 is subject to the moving average system, which is gradually declining, and the short-term performance is sluggish.

Long and short turning point: 3900.00

Resistance: 4060.00 4200.00

Support level: 3800.00 3680.00

Trading strategy: bearish below 3900.00, target 3800.00 3680.00

Alternative strategy: bullish above 3900.00, target 4060.00 4200.00