AvaTradeJD.com Mall Short-term: Bullish.
The pivot point is: 21.6
Trading Strategy: Bullish.
Alternative Strategy: A fall below 21.6 would signal a continuing downtrend, targeting first 19.1 and then 17.5.
Technical Commentary: The RSI is above the neutral zone of 50. The MACD is bearish but above its signal line. Moreover, the price is below its 50-day moving average (24.0095) but above its 20-day moving average (23.1833).
(For reference only, from third-party strategy)
The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
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On the first anniversary of the Inflation Reduction Act (IRA), U.S. President Joe Biden highlighted this landmark legislation to the public. However, surveys show that many people are still unfamiliar with its contents.
Fed Chair Jerome Powell stated the strong U.S. economy allows for a measured pace in adjusting interest rates, pressuring the stock market to decline while Treasury yields rise.
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