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DJ30: low shock

2022-12-23
1070
Fundamental analysis:
The Dow Jones Index closed down 348.66 points on December 22 (Thursday), or 1.04%, to 33027.82 points; the final value of the annualized quarterly rate of real GDP in the third quarter of the United States: the total weekly working hours in the third quarter increased by 2.9% at an annualized rate %, and real GDP growth in the third quarter is currently at 3.2%, which means we have at least a little bit of productivity growth in the third quarter, which is the opposite of the first half of the year.

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



Brief technical analysis:
The 4-hour chart: The short-term dynamics fluctuated downwards and then quickly pulled up. In the short term, they maintained low and wide fluctuations. The market as a whole was in a weak downward trend. The MACD index was hovering around the 0 axis, and the RSI index was in a weak consolidation below the 50 balance line. ;
Long and short turning point: 33276
Suppression: 33445, 33600
Support: 33007, 32861
Trading strategy: bearish below 33276, target 33007, 32861
Alternative strategy: call above 33276, target 33445, 33600

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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