DJ30: High position moving up

Fundamental analysis:

The Dow Jones Index closed up 334.09 points, or 1.02%, at 33161.09 on November 8 (Tuesday); The first round of voting in the United States mid-term elections has begun. The East Coast polling station opened at 6:00 a.m. local time on the 8th, which will determine the composition of the next Congress and set the tone for the remaining term of President Biden in the White House. At the time of Tuesday's vote, Americans are struggling to cope with high inflation and the cost of living. The economy has become the most concerned issue of Democratic and Republican supporters.

Dow Jones DJ30 - 4-hour K chart shows:

Technical analysis:

The 4-hour chart shows that the momentum of high bulls continues to move upward, short-term bullish sentiment emerges, and the market bulls have a further upward trend. The MACD index is in the high upward movement of the bulls region, and the RSI index is in the consolidation and translation of the bulls region;

Empty turning point: 33017

Pressing: 33286, 33473

Support: 32841, 32672

Trading strategy: 33017 top bullish, target 33286, 33473

Alternative strategy: 33017 lower bearish, target 32841, 32672