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Dow: high shock up

2022-07-28
1163
Fundamental analysis:


The Dow Jones index closed up 435.58 points, or 1.37%, at 32197.12 points on Wednesday, July 27; The Federal Reserve announced the latest July interest rate resolution, and the Federal Reserve raised interest rates by 75 basis points to 2.25-2.50%, unchanged, in line with expectations.


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




Technical analysis:


According to the 4-hour chart, the high-end short-term narrow range consolidation shifted, the market as a whole was weak, the long power pulled up strongly, breaking through the high before the consolidation, the MACD index hovered on the upper side of the 0 axis, and the RSI index was at 50 balanced online narrow consolidation;


Long short turning point: 32047


Pressing position: 32308, 32463


Support position: 31880, 31742


Trading strategy: bullish above 32047, targets 32308, 32463


Alternative strategy: bearish below 32047, targets 31880, 31742

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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