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DJ30: low down

Fundamental analysis:

On February 22 (Wednesday), the Dow Jones index closed down 83.26 points, or 0.25%, to 33046.33 points; the minutes of the Federal Reserve meeting: "a small number" of officials support or may support a 50 basis point increase in interest rates. The Fed sees upside inflation risks as a key factor affecting the outlook.

Dow Jones DJ30 - 4-hour K-line chart shows:

Brief technical analysis:

Looking at the 4-hour chart: the short-term momentum continues to move down, the short-term decline has not stopped, the market is shrouded in bearish sentiment, the MACD indicator is hovering at the low level of the short-selling area, and the RSI indicator is in the low-level consolidation of the short-selling area;

Long-short turning point: 33136

Press: 33211, 33290
Support: 33028, 32929

Trading strategy: bearish below 33136, target 33028, 32929
Alternative strategy: call above 33136, target 33211, 33290

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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