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S & P: shock retreat consolidation
2022-07-12
1136
Fundamental analysis:
The S & P 500 index closed down 45.43 points, or 1.17%, at 3853.95 on Monday, July 11; While the hawkish stance and risk aversion of the Federal Reserve boosted the dollar, fixed income investors paid more attention to the risk of economic recession.
S & P SP500 - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart, the high volatility retreated, the Bulls showed signs of waiting for the opportunity to enter, and began to consolidate the weakness. The MACD index was in the bull area to maintain the consolidation and translation, and the RSI index was in a narrow range around the 50 equilibrium line;
Long short turning point: 3848
Pressing position: 3896, 3969
Support position: 3818, 3789
Trading strategy: bullish above 3848, targets 3896, 3969
Alternative strategies: bearish below 3848, goals 3818, 3789
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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