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DJ30: High position moving up

2022-11-08
545
Fundamental analysis:

The Dow Jones Index closed up 423.78 points, or 1.31%, at 32827.00 on November 7 (Monday); According to three sources quoted by CNN, former US President Trump is actively discussing the possibility of announcing his participation in the 2024 presidential election on the evening of the 7th local time.



Dow Jones DJ30 - 4-hour K chart shows:



Technical analysis:


The 4-hour chart shows that the bullish momentum continues the upward trend and continues to rise in shock. The short-term bullish sentiment remains unchanged. The previous high is close at hand, and the break is imminent. The MACD index hovers on the top of the 0 axis, and the RSI index is in the 50 balanced online weak sorting;


Empty turning point: 32746


Pressing: 33032, 33231


Support: 32574, 32374


Trading strategy: bullish above 32746, target 33032, 33231


Alternative strategy: 32,746 bearish, target 32,574, 32,374

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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