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DJ30: Low Short Downward
2022-09-19
1158
Fundamental analysis:
The Dow Jones Index closed down 140.32 points, or 0.45%, at 30821.50 on September 16 (Friday); The Federal Reserve needs to raise interest rates to exceed or close to the inflation growth rate in order to significantly control inflation pressure. Although the US economic recession is still expected, the US economy continues to be "weak but not collapse", and the important supporting force of the US dollar is still there.
Dow Jones DJ30 - 4-hour K chart shows:
Technical analysis:
The 4-hour chart shows that the bearish power continues to fluctuate downward, and there is still evidence of downward movement after the short-term consolidation of the low position. The market bearish sentiment emerges. The MACD indicator is in the low position consolidation of the short position region, and the RSI indicator is hovering at the low position of the short position region;
Empty turning point: 30982
Pressing position: 31266, 31442
Support position: 30743, 30592
Trading strategy: 30982 lower bearish, target 30743, 30592
Alternative strategy: bullish above 30982, target 31266, 31442
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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