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DJ30: bulls pull up
2023-02-01
1045
Fundamental analysis:
On January 31 (Tuesday), the Dow Jones index closed up 369.80 points, or 1.10%, to 34086.89 points; the U.S. labor cost index in the fourth quarter had a quarterly rate of 1%, expected to be 1.10%, and the previous value was 1.20%. It has been falling for three consecutive quarters, and the pressure on the US wage-price spiral has been further eased, hitting a new low since the fourth quarter of 2021.
Dow Jones DJ30 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The bullish momentum is rising rapidly, the market is bullish, and the short-term bullish momentum shows signs of continuing to move upward. The previous high is close at hand, and the breakout is imminent. tidy;
Long and short turning point: 34099
Suppression: 34224, 34297
Support: 34026, 33950
Trading strategy: Bullish above 34099, target 34224, 34297
Alternative strategy: bearish below 34099, target 34026, 33950
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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