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DJ30: Bulls up

2023-05-30
782
Fundamental analysis:

Affected by the Memorial Day holiday in the United States, the U.S. stock market was closed on Monday (May 29). The Dow Jones Index closed up 328.69 points, or 1.00%, at 33093.34 points on May 26 (Friday). The non-agricultural" ADP employment number was postponed until Thursday (June 1) at 20:15.

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



Brief technical analysis:

The 4-hour chart: After the bullish momentum rose strongly, it was sorted out, and after the short-term bullish sentiment emerged, the bullish sentiment in the market remained. The MACD indicator hovered above the 0 axis, and the RSI indicator was weakly sorted above the 500 balance line;

Resistance level: 33292 33356

Support level: 33134 33076

Trading strategy: Bullish above 33196, target 33292 33356
Alternative strategy: bearish below 33196, target 33134 33076

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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