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DJ30: Arrangement of Low Position Disadvantages

2022-09-15
1125
Fundamental analysis:

The Dow Jones Index closed up 30.12 points, or 0.10%, at 31135.09 on September 14 (Wednesday); The stronger than expected US CPI data has intensified people's concern about the breadth and speed of US inflation. Although gasoline prices fell this month, producers still face higher costs in terms of services and some commodities.


Dow Jones DJ30 - 4-hour K chart shows:




Technical analysis:


The 4-hour chart shows that the power of short sellers has fallen rapidly, the low position narrow range weak position has been sorted out, the overall market short sellers mood is shrouded, the MACD index is hovering under the 0 axis, and the RSI index is narrow range sorted out under the 50 equilibrium line;


Empty turning point: 31388


Pressing position: 31591, 31826


Support position: 31078, 30901


Trading strategy: 31388 lower bearish, target 31078, 30901


Alternative strategy: bullish above 31388, target 31591, 31826

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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