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Dj30: multiple heads continue to move up

2022-09-13
477
Fundamental analysis:

On Monday, September 12, the Dow Jones index closed up 229.63 points, or 0.71%, at 32381.34; Driven by the sharp fall of the US dollar index again. The yield of US Treasury bonds fell at the beginning of this week, global stock markets generally strengthened, and the trend of US stock futures implied that US stocks would open higher.






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




Technical analysis:


According to the 4-hour chart, the low-level Bulls' power keeps surging up, the short-term bullish sentiment is shrouded, the market bulls keep surging up, the MACD index keeps sorting out in the long area, and the RSI index keeps hovering at the high level in the long area;


Long and short turning point: 32361


Pressing position: 32606, 32782


Support position: 32194, 32031


Trading strategy: bullish above 32361, targets 32606 and 32782


Alternative strategy: 32361 down bearish, target 32194, 32031

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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