CM Trade

Download APP to receive bonus

GET

DJ30: High position moving up

2022-10-25
1265
Fundamental analysis:

The Dow Jones index closed up 418.05 points, or 1.34%, at 31500.61 on October 24 (Monday); U.S. Treasury Secretary Yellen: In the face of increased volatility in the global market, we will pay close attention to the U.S. financial industry. So far, the U.S. financial system has not become the source of economic instability, and it is still flexible.



Dow Jones DJ30 - 4-hour K chart shows:




Technical analysis:


The 4-hour chart shows that the bulls' driving force has risen at a high level, and the market's bullish mood is shrouded. The MACD index is in a high shock in the bulls' region, and the RSI index is in the bulls' region to maintain consolidation;


Empty turning point: 31410


Pressing position: 31672, 31833


Support position: 31234, 31047


Trading strategy: bullish above 31410, target 31672, 31833


Alternative strategy: bearish under 31410, target 31234, 31047

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