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DJ30: High level vibration

Fundamental analysis:

The Dow Jones index closed up 33.81 points, or 0.10%, at 33749.18 on November 11 (Friday); US Treasury Secretary Yellen: The Federal Reserve has made it clear that it will continue to raise interest rates. The future monetary policy path depends on the Federal Reserve.

Dow Jones DJ30 - 4-hour K chart shows:

Technical analysis:

The 4-hour chart shows that the bulls' momentum fluctuated at a high level for a short time, and the market's bullish sentiment weakened, but it was still in a high level. The MACD index was in a high level consolidation in the bulls' region, and the RSI index was in a high level consolidation in the bulls' region;

Empty turning point: 33704

Pressing: 33954, 34161

Support: 33514, 33335

Trading strategy: above 33704, bullish, target 33954, 34161

Alternative strategy: 33704 bearish, target 33514, 33335

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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