CM Trade

Download APP to receive bonus

GET

DJ30: move down the high position

2023-01-18
546
Fundamental analysis:

The Dow Jones Index closed down 391.39 points, or 1.14%, at 33,911.22 points on Tuesday, January 17; the House Republicans’ debt plan could lead to economic disaster that threatens the world and will cut back on border security, food safety and other necessary measures. Payments for government activities. The White House said Congress must resolve the debt ceiling unconditionally.

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



Brief technical analysis:

Looking at the 4-hour chart: the high-level short-term dynamics are oscillating downwards, and the market is shrouded in bearish sentiment. In the short term, it will continue to move downwards. The MACD indicator is in the bullish area and continues to fluctuate downwards.

Long and short turning point: 34042

Press: 34133, 34213
Support: 33910, 33816

Trading strategy: bearish below 34042, target 33910, 33816
Alternative strategy: Bullish above 34042, target 34133, 34213

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More