CM Trade

Download APP to receive bonus

GET

DJ30: shock rise

2022-12-22
1041
Fundamental analysis:
The Dow Jones Index closed up 526.74 points on December 21 (Wednesday), or 1.60%, to 33376.48 points; the total number of existing home sales in the United States in November was annualized: According to the data of the National Association of Realtors, the sales of existing homes in November ranked 10th in a row month down. All four major U.S. regions saw sequential and year-over-year declines.

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



Brief technical analysis:
Looking at the 4-hour chart: The low-level head power shocks and rises, short-term bullish sentiment emerges, the market bulls continue to climb, the MACD indicator is in the short-selling area and moves up, and the RSI indicator is hovering weakly above the 50 balance line;
Long-short turning point: 33522
Suppression: 33741, 33905
Support: 33358, 33199
Trading strategy: Bullish above 33522, target 33741, 33905
Alternative strategy: bearish below 33522, target 33358, 33199

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