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DJ30: Move up the high position

2023-01-11
981
Fundamental analysis:
The Dow Jones index closed up 186.45 points, or 0.56%, at 33,704.10 points on January 10 (Tuesday); Federal Reserve Chairman Powell: Price stability is the foundation of a healthy economy. Restoring price stability amid high inflation may require measures that are unpopular in the short term. The Fed must resist expanding its policy universe to address other important social problems. We are not and will not be "climate policy makers".

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



Brief technical analysis:
Looking at the 4-hour chart: the high-level long-term momentum moves up in a wide range of shocks, the market is bullish, the MACD indicator is in the long-term zone, and the RSI indicator is in the long-term zone.
Long-short turning point: 33803
Press: 33933, 34011
Support: 33715, 33630
Trading strategy: Bullish above 33803, target 33933, 34011
Alternative strategy: bearish below 33803, target 33715, 33630

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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