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DJ30: High position moving up

2022-11-09
594
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

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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