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Dj30: bullish high shock up

2022-08-17
1218
Fundamental analysis:

The Dow Jones index closed up 239.24 points, or 0.71%, at 34151.68 on Tuesday, August 16; US President Joe Biden signed the inflation reduction act of 2022, with a total value of $750 billion, which officially took effect.




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




Technical analysis:


According to the 4-hour chart, the bullish power maintains a good momentum of oscillation and upward trend. In the short term, it continues to pull upward. The bullish sentiment of the market is good. The MACD index is at the high level of the bullish region, and the RSI index is at the high level of the bullish region;


Long and short turning point: 34025


Pressing position: 34335, 34486


Support position: 33871, 33716


Trading strategy: bullish above 34025, targets 34335 and 34486


Alternative strategy: bearish below 34025, targets 33871 and 33716

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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