Fundamental analysis:
The S & P 500 index closed up 38.67 points, or 0.94%, at 4160.10 points on Tuesday, June 7; Driven by rising prices and strong US consumers, US consumer credit soared again in April, after a record growth in March. The data released by the Federal Reserve showed that the total amount of consumer credit increased by 38.1 billion US dollars compared with the previous month, and the data in March was revised down to an increase of 47.3 billion US dollars.
S & P SP500 - 4-hour K-line diagram display:
Technical comments: it has been maintained for a long time in the Bollinger belt index channel with a wide range of concussion and translation, the low-level Bull Power waits for the opportunity to enter, reverses and moves up, the Bollinger belt index continues to show a closing trend, the MACD index hovers around the 0 axis, and the RSI index starts to move up after a narrow range of concussion near the 50 equilibrium line;
Long short turning point: 4138
Pressing position: 4178, 4208
Support position: 4105, 4077
Trading strategy: bullish above 4138, targets 4178 and 4208
Alternative strategy: bearish below 4138, target 4105, 4077
The above analysis is a personal point of view and is for reference only.