Last night's CPI data was bullish, but after the market rebounded, the price returned to the position before the data was released. Since the data is out, the market has not fallen, so there is no big problem in the overall operation of low-long operation. In addition, the Fed's interest rate announcement at 200 am on June 15 is only more than 9 hours away from now. This data is also an important data release of level 5 stars, so it is not a problem to pull it up again!
On the daily chart, after the news came out yesterday, the price reached a high of around 26433 and a low of 25712. The overall closing was a doji, with a daily increase of 0.11%. The price is still within the lower track of BOLL, but the bottom near 25300 has appeared three times, forming a flat bottom. KDJ shows signs of forming a golden cross and has turned upward. The support below is expected to be around 25200!
The 4-hour BOLL has completely closed, indicating that the decline has come to an end and the market is about to change. It is time to choose a direction. The KDJ has also turned upward after closing with three consecutive positive patterns. From the current hourly line, the rebound strength shown is still very strong. The key support level below is 25300. From the 1-hour line, the three lines of KDJ have begun to rise. There may be opportunities to rush higher in the short term. Coupled with the Fed’s interest rate decision in the early morning, it is possible to break through the upper pressure! The reference price of the day is 25200-28000. This range has been used for about a week and has not been broken, but the space below is indeed not very large, and the advantage of going long is greater, so the direction is mainly low-long operations during the day!
