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DJ30: Low position wide amplitude vibration downward

2022-09-30
1145
Fundamental analysis:

The Dow Jones Index closed down 456.15 points, or 1.54%, at 29227.59 on September 29 (Thursday); In an interview, Meister of the Federal Reserve said that the interest rate is expected to be slightly higher than the median of the Federal Reserve because inflation is expected to be more lasting. The people most affected are also the people most affected by inflation.



Dow Jones DJ30 - 4-hour K chart shows:




Technical analysis:


The 4-hour chart shows that the short position power maintains a short-term wide range of shocks and moves downward, the low position short position power continues, and the short-term decline may continue. The MACD indicator remains weak in the short position and hovers around, while the RSI indicator is weak at the bottom of the 50 equilibrium line;


Empty turning point: 29421


Pressing position: 29662, 29916


Support position: 29099, 28872


Trading strategy: 29421 lower bearish, target 29099, 28872


Alternative strategy: bullish above 29421, target 29662, 29916

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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