Great News From U.S. Congress, Boosting DJ30 Rebound To Soar
U.S. Gov’s Interim Budget Has Been Resolved, DJ30 Strong Buying Reappears
Aggressors are recommended to consider Bargain-Hunt for Long position if pullback to near 35475 occurred, Take-Profit at 35933, Stop-Loss by 35215.
Non-Aggressors are advice to wait and see for better entry.
The U.S. House of Representatives passed an interim budget bill to avoid the risk of a shutdown of the U.S. government before March 11, and it would then be voted on by the Senate and signed by President Biden to take effect; The U.S. stock market ushered in a rebounding sentiment on Wednesday. Apple and Microsoft led the DJ30 to stage a rebound. Yet, Financial insurance and airline stock prices followed closely to form the main driving force for the DJ30’s rebound. Overall, a Bullish outlook remains unchanged, and would suggest Investors to take Bargain-Hunting strategy as the main principle for the time being.
In 4Hrs range, the candlestick has completed the doubled-bottom rebounding tendency, which favors to the Bargain-Hunt for Long position layout. KD oscillates on high ground, attracting Buyers to seek for re-entering the market. To sum up, the swaying rebounding prospect for DJ30 is confirmed.
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