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DJ30: Rapid lifting after the earthquake

2022-10-14
1110
Fundamental analysis:

The Dow Jones Index closed up 827.34 points, or 2.83%, at 30038.19 on October 13 (Thursday); The quarterly adjusted annual CPI rate of the United States fell slightly to 8.2% at the end of September, the smallest increase since February 2022.


Dow Jones DJ30 - 4-hour K chart shows:




Technical analysis:


The 4-hour chart shows that after the narrow amplitude shock, the bulls' momentum rapidly rose, the short-term bullish sentiment warmed up, and the market bulls' sentiment emerged. The MACD index hovered above the 0 axis, and the RSI index was at the 50 equilibrium line;


Empty turning point: 30024


Pressing: 30240, 32389


Support: 29865, 29707


Trading strategy: bullish above 30024, target 30240, 32389


Alternative strategy: 30024 lower bearish, target 29865, 29707

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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