Powell Pressed The Inflation Expectations, How Should DJ30 Be Laid Out?
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Once Again Suppressing The Upward Momentum Of Stock Index, DJ30 Trade With Sell Order In High Position.
Investors are suggesting to trade with a sell order around 34850 in high position, target on 34400, stop loss on 35200.
FED officials once again put hawks to suppress the positive upward momentum of Tesla and aviation sector earnings. Powell, FED Chairman said that a 50 basis point interest rate hike will be discussed at the May meeting, Bullard said that a single rate hike of 75 basis points would not bring about the end of the world, and Daly said that the FED may in May and June’s conference add 50 basis points of rate hike. On the whole, although the defensive stocks and the banking sector in DJ30 component stocks are still strongly supported by dips, considering that the market is gradually entering a panic, DJ30 suggesting to trade with sell order as a main idea.
In Daily range, the price is located on the middle rail of Bollinger means that it fights on the side of the bulls and bears, the sub-indicator MACD multilateral momentum continue convergence and KD express line down. It is conducting for investors to trade with a sell order.
*The above contents are the opinions of third-party media commentators, and do not represent the position of this platform. The opinions are for reference only. Investors should make independent judgments, prudently evaluate, and bear investment risks at their own risk.
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