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Dow: high volatility

2022-06-28
1190
Fundamental analysis:

On Monday, June 27, the Dow Jones index closed down 61.16 points, or 0.19%, at 31439.52; The US stock market closed lower on Monday. There was little catalyst to promote the change of investor sentiment. It was nearly half of this year. During this period, the stock market has been suffering from the intensification of inflation concerns and the tightening policy of the Federal Reserve.




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




Technical analysis:


According to the 4-hour chart, the bull power continued to fluctuate and rise near the upper track of the brin zone index, and the high level showed signs of slow retreat after strong pull-up. However, the upward trend of the market was good, the brin zone index continued to open its mouth, the MACD index remained high in the bull region, and the RSI index remained weak in the bull region;


Multi empty turning point: 31384


Pressing position: 31682, 31899


Support position: 31153, 30902


Trading strategy: bullish above 31384, target 31682, 31899


Alternative strategy: 31384 bearish below, target 31153, 30902

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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