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Dj30: low long weak up

Fundamental analysis:

The Dow Jones index closed up 193.24 points, or 0.61%, at 31774.52 on Thursday, September 8; The US Bureau of Labor Statistics released the 2021 consumer spending report, showing that the average annual expenditure of all consumer units in the United States in 2021 was $66928, an increase of 9.1% over 2020. During the same period, the urban consumer price index (CPI-U) increased by 4.7%, and the average pre tax income increased by 3.7%.

Dow Jones index dj30 - 4-hour K-line chart shows:

Technical analysis:

According to the 4-hour chart, the low-end bulls maintain a slow upward trend of narrow consolidation, and the short-term bulls continue to move upward. The MACD index is in the weak position on the upper side of the 0 axis, and the RSI index is in the 50 equilibrium line side of narrow consolidation;

Long short turning point: 31692

Pressing position: 31989, 32193

Support position: 31448, 31214

Trading strategy: bullish above 31692, targeting 31989 and 32193

Alternative strategy: 31692 bearish, target 31448, 31214

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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