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Dj30: the high level continues to rise

2022-08-16
1257
Fundamental analysis:

The Dow Jones index closed up 151.58 points, or 0.45%, at 33912.63 on Monday, August 15; There are still many uncertainties about when the balance of the Federal Reserve's reverse repurchase (RRP) facility will begin to decline and how fast it will decline.


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




Technical analysis:


According to the 4-hour chart, the Bulls' power keeps rising, and the Bulls continue to move upward in the short term. The MACD index is in the high position of the bulls, and the RSI index is in the high position of the bulls;


Long and short turning point: 33760


Pressing position: 34009, 34180


Support position: 33594, 33436


Trading strategy: bullish above 33760, target 34009, 34180


Alternative strategy: bearish below 33760, targets 33594 and 33436

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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