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DJ30: High level sorting

Fundamental analysis:

The Dow Jones Index closed down 38.96 points, or 0.12%, at 33553.96 on November 16 (Wednesday); The monthly rate of retail sales in the United States in October was 1.3%, expected to be 1.00%, the largest increase since February 2022. US retail sales rose sharply in October, indicating a strong economy. Despite the measures taken by the Federal Reserve to slow economic growth, American consumers' spending remains strong.

Dow Jones DJ30 - 4-hour K chart shows:

Technical analysis:

The 4-hour chart shows that the high level fluctuates in a narrow range, the short market momentum shows signs of waiting for opportunities to enter the market, the MACD index is in the long region of consolidation and translation, and the RSI index is in the upper 50 equilibrium line of the weak side hovering;

Empty turning point: 33702

Pressing: 33842, 33986

Support: 33527, 33396

Trading strategy: 33702 lower bearish, target 33527, 33396

Alternative strategy: bullish above 33702, target 33842, 33986

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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