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Dj30: high position narrow range finishing up

2022-08-02
1230
Fundamental analysis:

The Dow Jones index closed down 46.53 points, or 0.14%, at 32798.60 on Monday, August 1; Bank of America believes that under the condition of a more significant economic slowdown, the yield of 10-year US Treasury bonds may reach 2% in the next 6 to 12 months.



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




Technical analysis:


According to the 4-hour chart, the bull momentum maintains a weak consolidation and moves up, the market as a whole tends to rise, and the short-term upward trend may continue. The MACD index is in the high consolidation of the bull region, and the RSI index is in the high hovering of the bull region;


Long short turning point: 32734


Pressing position: 32986, 33140


Support position: 32539, 32339


Trading strategy: bullish above 32734, target 32986, 33140


Alternative strategy: bearish below 32734, target 32539, 32339

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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