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DJ30: Bears move down
2023-05-11
808
Fundamental analysis:
On May 10 (Wednesday), the Dow Jones Index closed down 30.81 points, or 0.09%, to 33531.00 points; the annual rate of CPI in the United States in April was 4.9%, expected to be 5.00%, and the previous value was 5.00%. It was the lowest since April 2019, 5.0% lower than market expectations.
Dow Jones DJ30 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: After a wide range of violent shocks, it moves downward, and the short-term decline may continue. The overall bearish sentiment in the market remains, the MACD indicator hovers around the 0 axis, and the RSI indicator is in a weak order near the 50 balance line;
Resistance level: 33703 33799
Support level: 33481 33400
Trading strategy: bearish below 33605, target 33481 33400
Alternative strategy: call above 33605, target 33703 33799
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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