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Dj30: low weak shock recovery

2022-09-08
1137
Fundamental analysis:

The Dow Jones index closed up 435.98 points, or 1.40%, at 31581.28 on Wednesday, September 7; The hawkish approach of the Federal Reserve will mean raising interest rates by 75 basis points at the upcoming meeting, and then raising interest rates slightly at the next two meetings.



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




Technical analysis:


According to the 4-hour chart, after the low-level narrow range shock, it began to move up slowly, the market bulls began to enter the market slowly, the MACD index remained in the short area and moved up, and the RSI index hovered on the 50 equilibrium line;


Long and short turning point: 31472


Pressing position: 31824, 32042


Support position: 31214, 30966


Trading strategy: bullish above 31472, targets 31824 and 32042


Alternative strategy: 31472 down bearish, target 31214, 30966

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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