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Dj30: bulls surging

2022-09-12
1080
Fundamental analysis:

The Dow Jones index closed up 377.19 points, or 1.19%, at 32151.71 on Friday, September 9; Brad of the Federal Reserve said that he was more strongly inclined to increase interest rates by 75 basis points, and the sooner the advance interest rate increase, the better.




Dow Jones index dj30 - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the low-level bulls kept surging, the market bullish sentiment poured in, the MACD index kept sorting out and moving up in the long area, and the RSI index kept climbing in the long area;


Long and short turning point: 32099


Pressing position: 32339, 32497


Support position: 31909, 31710


Trading strategy: bullish above 32099, target 32339, 32497


Alternative strategy: bearish below 32099, targets 31909 and 31710

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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