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Us non farm data stronger than expected employment market

2022-06-06
1106
Fundamental analysis:

The S & P 500 index fell 1.6% after the US created more non farm jobs in May than expected, and the wage growth remained at a fairly strong level, indicating a strong job market.

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



Technical comments: maintain a high and wide range shock for a long time, the Bollinger belt index shows a closing shift, the short-term dynamic shock retreats, the MACD index is in the narrow range consolidation of the long area, and the RSI index is in the long area, maintain a shock retreat to the lower side of 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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