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Dow Jones index: surging

2022-06-24
1191
Fundamental analysis:

The Dow Jones index closed up 195.02 points, or 0.64%, at 30678.15 points on Thursday, June 23; Powell's renewed commitment to fighting inflation and the unsustainable strength of the labor market have raised concerns about more interest rate hikes.



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




Technical analysis:


According to the 4-hour chart, the upper rail section of the Bollinger belt index channel continues to fluctuate and rise, the Bollinger belt index has a good upward trend, the MACD index is in a weak position near the 0 axis, and the RSI index is in a narrow range above the 50 equilibrium line;


Multi empty turning point: 30449


Pressing position: 30760, 30950


Support position: 30252, 30062


Trading strategy: bullish above 30449, target 30760, 30950


Alternative strategy: bearish below 30449, target 30252, 30062

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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