Dao: Low tie
Basic face analysis:
On Tuesday (August 22), the Ministry of Fed's discount interest rate conference showed that the most important local Fed sought for the sidelines. The three major indexes of the US stocks rose and declined, and the Dow fell 0.51%to reach a new low of six weeks. In July, US -running sales fell far from expected. The market was waiting for Powell and Lagardes to speak on Friday, and S & P influenced the influence of banking rating by many US regional banks worldwide.
DJ30 four -hour chart
Looking at the 4-hour chart, the Dow fell again to confirm the support of the 34300 front line. The MACD remained under the zero axis. The market had a brief support. Pay attention to the 34300 line below. The resistance still pays attention to the 34780-35000.
Resistance level: 34780 35000
Support bit: 34300 34000
Trading strategy: Bull above 34300, target 34700 35000
Alternative strategy: Below the drop below 34300, target 34000 33800
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