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Wachovia may shock the market by raising interest rates higher than expected

2022-06-14
781
Fundamental analysis:

The S & P 500 index closed down 151.15 points, or 3.88%, at 3749.68 points on Monday, June 13; The Fed members considered "shocking the market with an interest rate increase of 75 basis points higher than expected", which helped to enhance the market's expectations for this move.


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



Technical comments: the short power continued to fall near the brin zone index, and the low level reached around 3731 for continuous consolidation. The short-term short power continued to move down. After the brin zone index continued to open, the high level began to close slowly. The MACD index continued to move down at the low level in the short area, and the RSI index hovered below the balance line of oversold in the short area;


Long short turning point: 3773


Pressing position: 3813, 3853


Support position: 3704, 3664


Trading strategy: 3773 bearish below, target 3704, 3664


Alternative strategy: bullish above 3773, goals 3813 and 3853


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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