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DJ30: High and weak

2023-04-20
827
Fundamental analysis:

The Dow Jones index closed down 79.29 points, or 0.23%, at 33,897.34 points on Wednesday, April 19; St. Louis Fed President Bullard said that given recent data showing that inflation is still continuing, the overall economy seems to be expected to continue to grow, even if it is slow , the Fed should continue to raise interest rates.

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



Brief technical analysis:

The 4-hour chart: the high level maintains a narrow range and slowly declines, and the market’s bearish sentiment gradually emerges. There are signs of continued retracement and downward trend in the short term. ;

Resistance level: 34141 34229

Support level: 33932 33862

Trading strategy: bearish below 34056, target 33932 33862
Alternative strategy: call above 34056, target 34141 34229

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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