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DJ30: rapid pull up

2023-02-02
935
Fundamental analysis:

On February 1 (Wednesday), the Dow Jones index closed up 8.30 points, or 0.02%, to 34094.34 points; the number of ADP employment in the United States in January was 106,000, which was expected to be 178,000, and the previous value was 235,000. It was the smallest increase since January 2021.

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



Brief technical analysis:

The 4-hour chart: short-term wide fluctuations, the bulls’ momentum is rising rapidly, and the market’s bulls’ sentiment quickly emerges and then retreats again. The overall trend is in a wide range of shocks. The MACD index is hovering above the 0 axis, and the RSI index is above the 50 balance line. tidy;

Long and short turning point: 34099

Suppression: 34224, 34297
Support: 34026, 33950

Trading strategy: Bullish above 34099, target 34224, 34297
Alternative strategy: bearish below 34099, target 34026, 33950

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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