DJ30: High level vibration rising
2022-10-19
1077
Fundamental analysis:
The Dow Jones Index closed up 338.57 points, or 1.12%, at 30524.39 on October 18 (Tuesday); The fund managers surveyed by Bank of America showed signs of "total surrender" to the U.S. stock market and global economic growth, paving the way for the stock market rebound in 2023.
Dow Jones DJ30 - 4-hour K chart shows:
Technical analysis:
The 4-hour chart shows that the bulls' momentum remains volatile and rising, and the market is still bullish. The MACD indicator is at the high level in the bulls' region, and the RSI indicator is at the low level in the bulls' region;
Empty turning point: 30651
Pressing: 30829, 30970
Support: 30522, 30393
Trading strategy: bullish above 30651, target 30829, 30970
Alternative strategy: sell below 30651, target 30522, 30393
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