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DJ30: move down low

Fundamental analysis:

The Dow Jones Index closed down 255.13 points, or 0.77%, at 32,800.38 points on May 24 (Wednesday); U.S. Treasury Secretary Yellen: The Treasury Department may run out of cash before June 1, and it is difficult to determine the specifics of the depletion of funds The date, which will set early June as the deadline for defaulting on the debt ceiling, will soon inform Congress of the state of the government's finances, and Biden's promise that the United States will not default is very important.

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

Brief technical analysis:

Looking at the 4-hour chart: The short-term dynamics remain oscillating and moving downward, and the short-term low-level decline may continue. The overall market is in a continuous downward movement of short positions.

Resistance level: 32965 33032

Support level: 32795 32727

Trading strategy: bearish below 32905, target 32795 32727
Alternative strategy: call above 32905, target 32965 33032

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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