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S & P: Continuously

2023-08-06
691
Basic face analysis:

On Friday (August 4), the three major stock indexes opened high and low. In July, the non -agricultural employment report was hidden, and the Dow fell 0.43%. Short -term interest rate futures in the United States showed that traders reducing betting on the Fed's further interest rate hike.

DJ30 four -hour chart



Technical analysis:

Looking at the 4-hour chart, the Dow is consolidated near 35300. The MACD amount can wear a zero axis.

Resistance position: 35300 35600
Support bit: 35000 34700

Trading strategy: Bull above 35300, target 35600 35800
Alternative strategy: 35300, see the drop below, target 35000 34700

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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