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Dow: Support rebound

Basic face analysis:

On Friday (September 8), the three major US stock indexes fluctuated. As of the closing, the Dow rose 0.22%. Data released by the Federal Reserve show that with the promotion of the real estate value rebound, the surge in the stock market has promoted the historical high of more than 154 trillion US dollars in the second quarter.

DJ30 four -hour chart

Technical analysis:

Looking at the 4-hour chart, the Dow continues to rebound above the 34300. The MACD amount can be shortened under the zero axis, supporting the upper move near 34450, the resistance looks near the 34750-35000 above.

Resistance position: 34750 35000
Support bit: 34450 34000

Trading strategy: Bull above 34450, target 34750 35000
Alternative strategy: 34450, go below the drop, target 34200 34000

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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