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DJ30: high shock

2023-04-19
783
Fundamental analysis:

The Dow Jones Index closed down 10.78 points, or 0.03%, at 33,976.40 points on April 18 (Tuesday). The total number of new housing starts in the United States in March was 1.42 million units, expected to be 1.40 million units, and the previous value was 1.45 million units. Total U.S. housing starts fell in March as a pullback in multifamily construction offset a pick-up in single-family construction

Dow Jones DJ30 - 4-hour K-line chart shows:



Brief technical analysis:

Looking at the 4-hour chart: the high level remains volatile in the short term, the market is entangled in the high level and continuous wide-ranging trend, and no general direction guidance has been given in the short term. The MACD indicator is in the bullish area and remains in order, and the RSI indicator is hovering above the 50 balance line;

Resistance: 34229 34334

Support level: 33991 33893

Trading strategy: Bullish above 34079, target 34229 34334
Alternative strategy: bearish below 34079, target 33991 33893

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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