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DJ30: high down
2022-11-30
1214
Fundamental analysis:
On November 29 (Tuesday), the Dow Jones index closed up 1.02 points, or 0.00%, to 33850.48 points; the market expects that the Fed’s December meeting will lower the interest rate hike to 50 basis points. The Fed's policy rate is already in a restrictive zone, a little more caution helps, and raising rates slowly is a better risk management approach.
Dow Jones DJ30 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term momentum maintains a narrow range of shocks and downwards, the market as a whole is in a weak position, the short-seller sentiment is weak and downwards, the MACD indicator is hovering weakly below the 0 axis, and the RSI indicator is weakly finishing below the 50 balance line;
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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