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DJ30: Bull surge

2022-10-24
1119
Fundamental analysis:

The Dow Jones Index closed up 749.43 points, or 2.47%, at 31083.02 on October 21 (Friday); The first challenge facing the job market is job vacancies. In the current environment, employers are facing a serious labor shortage, especially in the construction, nursing and manufacturing industries.



Dow Jones DJ30 - 4-hour K chart shows:




Technical analysis:


The 4-hour chart shows that after the high level of bulls' power continues to fluctuate, it rapidly rises, and the short-term bulls' power continues to rise. The MACD index is in the market shock along the axis 0, and the RSI index is in the upward shift of the 50 balanced online side;


Multi empty turning point: 31063


Pressing: 31274, 31439


Support: 30888, 30722


Trading strategy: 31063 upside bullish, target 31274, 31439


Alternative strategy: 31063 bearish, target 30888, 30722

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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