Dow: Support rebound
2023-09-10
579
Basic face analysis:
On Friday (September 8), the three major US stock indexes fluctuated. As of the closing, the Dow rose 0.22%. Data released by the Federal Reserve show that with the promotion of the real estate value rebound, the surge in the stock market has promoted the historical high of more than 154 trillion US dollars in the second quarter.
DJ30 four -hour chart
Technical analysis:
Looking at the 4-hour chart, the Dow continues to rebound above the 34300. The MACD amount can be shortened under the zero axis, supporting the upper move near 34450, the resistance looks near the 34750-35000 above.
Resistance position: 34750 35000
Support bit: 34450 34000
Trading strategy: Bull above 34450, target 34750 35000
Alternative strategy: 34450, go below the drop, target 34200 34000
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