DJ30: Bulls soar

Fundamental analysis:

On November 30 (Wednesday), the Dow Jones Index closed up 734.93 points, or 2.17%, to 34587.46 points; the number of ADP employment in the United States increased by 127,000 in November, expected to be 200,000, and the previous value was 239,000. It was the smallest increase since January 2021. Employment figures were significantly lower than expected. There was little volatility in U.S. Treasury yields, and the market was not very excited, indicating that ADP's influence seems to have weakened.

Dow Jones DJ30 - 4-hour K-line chart shows:

Brief technical analysis:

Looking at the 4-hour chart: the momentum of the bulls has soared strongly, the market as a whole is in a rapid upward trend, the MACD indicator is hovering above the 0 axis, and the RSI indicator is on the 50 balance line and rising strongly;

Long and short turning point: 34555

Suppression: 34718, 34811

Support: 34450, 34330

Trading strategy: Bullish above 34555, target 34718, 34811

Alternative strategy: bearish below 34555, target 34450, 34330