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DJ30: wide oscillation

Fundamental analysis:
The Dow Jones index closed up 133.40 points, or 0.40%, at 33269.77 points on January 4 (Wednesday); none of the Fed participants expected that it would be appropriate to start cutting interest rates in 2023. Participants generally agreed that a restrictive policy stance needs to be maintained until the latest data provide confidence that inflation is on a sustained decline to 2%, which may take some time.
Dow Jones DJ30 - 4-hour K-line chart shows:

Brief technical analysis:
Looking at the 4-hour chart: the short-term entanglement range fluctuates in a wide range, the market as a whole is in a range consolidation, and there is no sign of breaking through this range node in the short term, the MACD indicator is hovering around the 0 axis, and the RSI indicator is in a weak consolidation near the 50 balance line;
Long and short turning point: 33313
Compression: 33528, 33655
Support: 33188, 33066
Trading strategy: Bullish above 33313, target 33528, 33655
Alternative strategy: bearish below 33313, target 33188, 33066

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