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DJ30: High level vibration

2022-11-21
552
Fundamental analysis:


The Dow Jones Industrial Average rose 199.37 points, or 0.59%, to 33745.69, down 0.01% this week. The market is in a wait-and-see state. Of course, it is the policy of the Federal Reserve that drives the trend of all stock markets. In the next few weeks, it is unlikely to see any real evidence that salary pressure or inflation pressure may ease.



Dow Jones DJ30 - 4-hour K chart shows:




Technical analysis:

The 4-hour chart shows that the high bulls' momentum moves up again, and the market bullish sentiment emerges. The early high is close at hand, and the break is imminent. The MACD index is in the weak consolidation near the 0 axis, and the RSI index is hovering above the 50 equilibrium line;

Empty turning point: 33707

Pressing: 33904, 34051

Support: 33560, 33424

Trading strategy: above 33707, bullish, target 33904, 34051

Alternative strategy: 33707 bearish, target 33560, 33424

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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