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DJ30: move up the low position

Fundamental analysis:

The Dow Jones index closed up 343.28 points, or 1.05%, at 33005.12 points on March 2 (Thursday); whether high inflation and a hot job market require the Fed to raise interest rates more aggressively, or just be patient for a longer period of time Fed officials are divided on maintaining the current pace of rate hikes.

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

Brief technical analysis:

Looking at the 4-hour chart: the low-level long-term momentum remains volatile and moves upward, the short-term bullish sentiment remains, the MACD indicator is in the bearish area and fluctuates upward, and the RSI indicator is hovering weakly on the side of the 50 balance line;

Long and short turning point: 32986

Press: 33153, 33265
Support: 32870, 32743

Trading strategy: Bullish above 32986, target 33153, 33265
Alternative strategy: bearish below 32986, target 32870, 32743

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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