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Dow: long shock up

2022-06-22
1116
Fundamental analysis:

On Tuesday, June 21, the Dow Jones index closed up 643.39 points, or 2.15%, at 30532.17; Against the backdrop of the rising US dollar, US bond yields soared due to inflation concerns and expectations about the possible response of the Federal Reserve.



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




Technical analysis:


According to the 4-hour chart, the low-level Bull Power kept surging up to the node near the brin belt index on the track and kept rising. The short-term Bull Power showed signs of continuing the upward trend. The brin belt index began to slowly open its mouth after showing a closing trend. The MACD index remained in the short area and moved upward to hover around the 0 axis. The RSI index was in the 50 balanced online side weak consolidation.


Multi empty turning point: 30354


Pressing position: 30704, 30950


Support position: 30123, 29900


Trading strategy: bullish above 30354, target 30704, 30950


Alternative strategy: bearish below 30354, target 30123, 29900

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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