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DJ30: high down

2022-11-29
1194
Fundamental analysis:
On November 28 (Monday), the Dow Jones index closed down 497.57 points, or 1.45%, to 33849.46 points; Federal Reserve Chairman Powell will discuss the US economy and The outlook for the labor market, which may provide more clues about the outlook for U.S. monetary policy.

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



Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term dynamics remain volatile and downward, and the market’s short-term sentiment begins to enter the market. The MACD indicator is in the bullish area and is down to hovering around the 0 axis, and the RSI indicator is in the short-term area to maintain order;
Long and short turning point: 33901
Press: 34028, 34170
Support: 33722, 33605
Trading strategy: bearish below 33901, target 33722, 33605
Alternative strategy: Bullish above 33901, target 34028, 34170

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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