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The rise of risk sentiment in the US market pushed the stock market higher

2022-05-24
1006
Fundamental analysis:

The Dow Jones industrial average rose 618.34 points, or 1.98%, to 31880.24. The rise of risk sentiment in the US market pushed the stock market higher. The interest rate option market is active. Interest rate option activity includes a call to bet that the yield of 10-year Treasury bonds will fall to 2.50% and a put hedge to bet that the yield of long-term treasury bonds will rise below 4%.

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




Technical comments: the power of low-level bulls strongly reversed, fluctuated and rose, and began to sort out after touching the node near the upper rail 31916 of the brin belt index, hovering near the upper rail for a short time or maintained. The brin belt index showed a closing trend and continued. The MACD index was in the short area, remained low, fluctuated and moved up to the 0 axis, and the RSI index was in the narrow consolidation near the 50 equilibrium line;


Long short turning point: 31574


Pressing position: 31952, 32232


Support position: 31303, 31024


Trading strategy: bullish above 31574, target 31952, 32232


31504, 31504, 31503, 31504


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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