CM Trade

Download APP to receive bonus

GET

Continued concerns about inflation and interest rates limited the Dow's gains

2022-06-07
1158
Fundamental analysis:

The Dow Jones index closed up 16.08 points, or 0.05%, at 32915.78 points on Monday, June 6; The US stock market closed slightly higher on Monday, boosted by Amazon and other growth stocks, while continued concerns about inflation and interest rates limited gains.


Dow Jones dj30 - 4-hour K-line chart display:




Technical comments: it has remained high and wide for a long time, and is tangled around the middle rail of the Bollinger belt index channel. There are signs of short-term short power waiting for the opportunity to enter the market. The Bollinger belt index is moving in a closing trend, the MACD index is at the upper side of the 0 axis, and the weak side hovers and moves down, and the RSI index is at a narrow range near the 50 equilibrium line;


Multi empty turning point: 32995


Pressing position: 33207, 33407


Support position: 32686, 32517


Trading strategy: down 32995, target 32686, 32517


Alternative strategy: bullish above 32995, goals 33207 and 33407


The above analysis is a personal point of view and is for reference only.

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