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DJ30: low down

2022-12-12
1020
Fundamental analysis:
The Dow Jones Index closed down 305.55 points, or 0.90%, at 33475.93 points on December 9 (Friday); it is expected that the Fed will continue to allow a monthly shrinkage of up to US$95 billion, including US$60 billion in treasury bonds and US$35 billion in institutional mortgage support securities.
Dow Jones DJ30 - 4-hour K-line chart shows:



Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum has fallen sharply at a low level, and the short-term decline may continue. The previous low is close at hand, and the breakout is imminent.
Long and short turning point: 33524
Suppression: 33603, 33678
Support: 33415, 33347
Trading strategy: bearish below 33524, target 33603, 33678
Alternative strategy: Bullish above 33524, target 33415, 33347

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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