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DJ30: low rise

2023-01-22
512
Fundamental analysis:

The Dow Jones index closed up 330.93 points, or 1.00%, at 33375.49 points on January 20 (Friday); Philadelphia Fed President Harker reiterated his support for future interest rate hikes by 25 in his speech at the New Jersey Bankers Leadership Forum annual meeting on Friday base point of view. “We expect a few more rate hikes this year, though, in my view, the days of our 75 basis point hikes at a time are definitely over.

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



Brief technical analysis:

Looking at the 4-hour chart: The low-level long-term dynamics fluctuate and rise, and the short-term bullish sentiment is shrouded. The market bulls are constantly pulling up, the MACD indicator is in the short-term area, and the RSI indicator is in the short-term area.

Long and short turning point: 33442

Suppression: 33547, 33624
Support: 33357, 33286

Trading strategy: Bullish above 33442, target 33547, 33624
Alternative strategy: bearish below 33442, target 33357, 33286

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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