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DJ30: Low order multiple header uplink

2022-09-29
1172
Fundamental analysis:

The Dow Jones Index closed up 546.77 points, or 1.88%, at 29681.76 on September 28 (Wednesday); The US stock market has sent a very clear signal to the economic outlook - the economic recession is coming. JPMorgan Chase model: The stock market crash means that the economic recession has become a foregone conclusion.



Dow Jones DJ30 - 4-hour K chart shows:




Technical analysis:


The 4-hour chart shows that the short power maintains a narrow range of consolidation and slowly declines, while the short-term long power waits for an opportunity to enter the market. The MACD indicator is in the short area and maintains consolidation and upward, while the RSI indicator is in the 50 balanced online side and hovers in the weak;


Empty turning point: 29662


Pressing position: 29884, 30252


Support position: 29393, 29178


Trading strategy: bullish above 29662, target 29884, 30252


Alternative strategy: 29662 lower bearish, target 29393, 29178

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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