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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

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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