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Dj30: low weak shock down

2022-09-07
1007
Fundamental analysis:

The Dow Jones index closed down 170.37 points, or 0.54%, at 31148.07 on Tuesday, September 6; The neutral interest rate pursued by the Federal Reserve for a long time is unpredictable and changeable. Institutions point out that the description of neutral interest rate by the Federal Reserve is changing.



Dow Jones index dj30 - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the short power is moving down in a step-by-step manner, the short-term decline has not stopped, and the low position continues to move downward. The MACD index is hovering in a weak position on the lower side of the 0 axis, and the RSI index is in a narrow range under the 50 equilibrium line


Long short turning point: 31250


Pressing position: 31432, 31651


Support position: 30966, 30784


Trading strategy: 31250 bearish, target 30966, 30784


Alternative strategy: bullish above 31250, targets 31432 and 31651

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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