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Dj30: low narrow range wandering

2022-09-06
1114
Fundamental analysis:

Monday is the labor day of the New York Stock Exchange, which is closed. The Dow Jones index closed down 337.58 points, or 1.07%, at 31318.84 on Friday, September 2; The US unemployment rate rose in August, but it could not fundamentally shake the Fed's strategy of raising interest rates substantially. The United States is facing the permanent reduction of labor supply, and it has a long way to go to normalize inflation.



Dow Jones index dj30 - 4-hour K-line chart shows:




Technical analysis:


From the 4-hour chart, the market is shrouded in short sentiment, hovering at a low and weak level in the short term, the MACD index is in the short area to maintain consolidation, and the RSI index is in the narrow consolidation below the 50 equilibrium line;


Long and short turning point: 31454


Pressing position: 31651, 31851


Support position: 31196, 31014


Trading strategy: 31454 down bearish, target 31196, 31014


Alternative strategy: bullish above 31454, targets 31651 and 31851

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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