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DJ30: Move up the vibration

Fundamental analysis:
The Dow Jones Index closed up 176.44 points, or 0.53%, at 33203.93 points on December 23 (Friday); the Fed is worried that prolonged high inflation may stimulate workers to keep demanding higher and higher wages, making it more difficult for prices to be controlled . The Fed plans to raise interest rates further to slow the economy enough to ease upward pressure on wages, a strategy that is bound to raise unemployment and potentially trigger a recession. Markets are closed on Monday for Christmas.

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

Brief technical analysis:
Looking at the 4-hour chart: the low-level bullish momentum maintains shocks and moves upward, short-term bullish sentiment emerges, the MACD indicator is hovering around the 0 axis, and the RSI indicator is hovering weakly near the 50 balance line;
Long and short turning point: 33317
Compression: 33545, 33696
Support: 33162, 33007
Trading strategy: Bullish above 33317, target 33545, 33696
Alternative strategy: bearish below 33317, target 33162, 33007

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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