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DJ30: low shock

2022-12-19
995
Fundamental analysis:
The Dow Jones Industrial Average closed down 281.76 points, or 0.85%, to 32920.46 points. It has fallen 3.48% in the past three days and 1.66% this week. U.S. PMI data for December showed a further contraction in business activity, with new orders falling to the lowest level in more than two-and-a-half years, but softer demand helped cool inflation sharply.

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



Brief technical analysis:
Looking at the 4-hour chart: The short-term momentum continues to fluctuate downward, and the short-term consolidation is low. The market as a whole is in a short-term downward trend. The short-term decline may continue. The MACD indicator is in the short-term area and the RSI indicator is in the short-term area.
Long-short turning point: 33169
Suppression: 33342, 33494
Support: 32966, 32814
Trading strategy: bearish below 33169, target 32966, 32814
Alternative strategy: call above 33169, target 33342, 33494

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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