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Dj30: short low shock

2022-09-02
1071
Fundamental analysis:

The Dow Jones index closed up 146.71 points, or 0.47%, at 31657.14 on Thursday, September 1; US data show that the economy is resilient, providing more room for the Federal Reserve to raise interest rates aggressively to curb inflation



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




Technical analysis:


According to the 4-hour chart, the market's short sentiment continued to fluctuate downward, the low level was adjusted in a narrow range, and the short-term decline trend continued to move downward. The MACD indicator was in the short area to maintain consolidation and translation, and the RSI indicator was in the short area to maintain consolidation;


Long and short turning point: 31670


Pressing position: 31841, 32019


Support position: 31455, 31289


Trading strategy: 31670 bearish, target 31455, 31289


Alternative strategy: bullish above 31670, targets 31841 and 32019

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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