DJ30: High level vibration
2022-11-15
1210
Fundamental analysis:
The Dow Jones Index closed down 211.16 points, or 0.63%, at 33536.70 on November 14 (Monday); The latest "Federal Reserve Observation" tool of the Chicago Mercantile Exchange shows that the Federal Reserve raised interest rates by at least 50 basis points at the December meeting, but the possibility of raising interest rates by 75 basis points for the fifth time in a row is less than 20%.
Dow Jones DJ30 - 4-hour K chart shows:
Technical analysis:
The 4-hour chart shows that the high level has a short-term narrow range of shocks, and the short market power has begun to wait for the opportunity to enter the market. The MACD index is arranged in the long region, and the RSI index is hovering in the weak side above the 50 equilibrium line;
Empty turning point: 33704
Pressing: 33849, 33979
Support: 33476, 33335
Trading strategy: 33704 bearish, target 33476, 33335
Alternative strategy: bullish above 33704, target 33849, 33979
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