Please pay attention to the monthly rate of US retail sales in March at 20:30, S&P bulls have the upper hand
Investors are suggested to bargain hunt at 4430, Target 4500, and Stop-Loss by 4400.
Previously, the monthly rate of core CPI in the United States recorded 0.3% in March and hit a new low since September 2021. At least six Wall Street banks said the U.S. CPI after the seasonal adjustment in March was the peak of this wave of inflation. Investors should pay attention to the monthly rate of US retail sales in March at 20:30 (terror data). If the terror data strengthens, it implies that the consumption momentum of the American people is rising, which will benefits the S&P to continue to rise. Overall, the S&P is likely to maintain an upward trend.
In the daily level chart, although the quotation is affected by the pressure of Bollinger’s middle rail, there may be a slight correction in the short-term, but the sub-index MACD bearish kinetic energy has converged, and the superimposed KD has a golden cross from the low level, which is beneficial for investors to bargain hunting.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.