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DJ30: High position down

2022-11-10
1242
Fundamental analysis:

The Dow Jones Index closed down 646.56 points, or 1.95%, at 32514.27 on November 9 (Wednesday); The focus of the market is the US consumer price index report to be released today Thursday (November 10). The market expects that the monthly rate and annual rate of the core consumer price index in the United States will slow to 0.5% and 6.5% respectively in December.



Dow Jones DJ30 - 4-hour K chart shows:




Technical analysis:


The 4-hour chart shows that the momentum of high short positions moves downward in a narrow range of shocks, and the short positions in the market are shrouded in sentiment. The short-term decline may continue. The MACD indicator remains in the long positions and moves downward, while the RSI indicator moves downward and hovers under the 0 axis;


Empty turning point: 32613


Pressing: 32824, 33029


Support: 32345, 32157


Trading strategy: 32613 bearish, target 32345, 32157


Alternative strategy: bullish above 32613, target 32824, 33029

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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