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DJ30: High position moving up

2022-11-23
1218
Fundamental analysis:

The Dow Jones Index closed up 397.82 points, or 1.18%, at 34098.1 on November 22 (Tuesday); The market sentiment seems to focus on the prospect of the Federal Reserve's slowing interest rate increase or earlier turning to dove policy. If the Federal Reserve raises interest rates more slowly than inflation decreases, it will lower real interest rates.


Dow Jones DJ30 - 4-hour K chart shows:




Technical analysis:

The 4-hour chart shows that the power of high bulls keeps moving up in shock, and continues to rise after breaking through the previous high. The MACD index is slowly rising in the bull area, and the RSI index is continuously moving up in the bull area;

Empty turning point: 34064

Pressing: 34285, 34450

Support: 33904, 33744

Trading strategy: bullish above 34064, target 34285, 34450

Alternative strategy: 34064 lower bearish, target 33904, 33744

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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