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DJ30: low shock

2022-12-08
1068
Fundamental analysis:
The Dow Jones index closed up 0.53 points, or 0.00%, at 33596.87 points on December 7 (Wednesday). downward pressure. In the big picture, the Fed has raised interest rates as far as the market expects, and monetary policy is restrictive enough to cause a mild recession.

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



Brief technical analysis:
Looking at the 4-hour chart: The short-seller momentum maintains a low-level and narrow-range range shock, the market’s short-term sentiment remains, and it may maintain a low level in the short term. The MACD indicator is in the short-term area and the RSI indicator is hovering weakly below the 50 balance line;
Long-short turning point: 33666
Suppression: 33764, 33868
Support: 33518, 33417
Trading strategy: bearish below 33666, target 33518, 33417
Alternative strategy: call above 33666, target 33764, 33868

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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