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Stock market decline intensified after the CSRC took reform measures

2022-06-09
1061
Fundamental analysis:

The Dow Jones Industrial Average fell 269.24 points, or 0.81%, to 32910.90. The US stock market fell after rising for two consecutive days; After the chairman of the US Securities and Exchange Commission disclosed the planned market reform measures, the decline of the stock market intensified; These measures are also the most direct response of the CSRC to the crazy speculation of Gamestop Corp. and other online bonus stocks last year;


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




Technical comments: it has maintained a wide vibration and translation in the Bollinger belt index channel for a long time. During this period, it has repeatedly probed the nodes of the upper and lower rail sections. The Bollinger belt index continues to show a closing trend. The MACD index is in a weak position near the 0 axis, and the RSI index is in a narrow range near the 50 equilibrium line;


Multi empty turning point: 32995


Pressing position: 33193, 33405


Support position: 32704, 32518


Trading strategy: down 32995, target 32704, 32518


Alternative strategy: bullish above 32995, target 33193, 33405


The above analysis is a personal point of view and is for reference only.

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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