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Dao: Truth rebound

2023-09-12
571
Basic face analysis:

Monday (September 11), a mainstream media, who is familiar with the central bank's thinking on weekends, said that in September, there was no interest rate panel on the market. With the improvement of inflation data, the Federal Reserve officials also believed that the urgency of raising interest rates again during the year was reduced. , Boost market risk emotions. The three major US stocks have risen for two days, and the Dow rose 0.26%.

DJ30 four -hour chart



Technical analysis:

Looking at the 4-hour chart, the Dow continues to rebound above the 34450. The MACD volume can be shortened under the zero axis. The support continues to pay attention to near 34450. The resistance looks near the 34750-35000 above.

Resistance position: 34750 35000
Support bit: 34450 34000

Trading strategy: Bull above 34450, target 34750 35000
Alternative strategy: 34450, go below the drop, target 34200 34000

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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