CM Trade

Download APP to receive bonus

GET

Dow: strong rise

2022-07-20
1208
Fundamental analysis:

On July 19 (Tuesday), the Dow Jones index closed up 752.10 points, or 2.42%, at 31824.71; The Atlanta fed gdpnow model's GDP forecast for the second quarter of the United States fell to -1.6%.


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




Technical analysis:


Looking at the 4-hour chart: the bull momentum was strong, wide-ranging shocks pulled up, and there was no sign of a stop in the short-term bull trend. The MACD index was in the high-level consolidation and upward movement of the bull region, and the RSI index was in the consolidation and translation of the bull region;


Long short turning point: 31734


Pressing position: 31968, 32096


Support position: 31624, 31481


Trading strategy: bullish above 31734, target 31968, 32096


Alternative strategy: bearish below 31734, targets 31624, 31481

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