FED Meeting Minutes Shows Hawk, DJ30 Teeters
Concerns In Place Over The Likelihood To Raise Interest By Three Times, DJ30 In Consecutive Suppression
Investors are recommended to consider marginal and short-term Short position at around 36350, Take-Profit at 35870, Stop-Loss by 36500.
Although the Energy Stocks collectively rises last day in US, but the movement were insufficient to boost DJ30 to advance. Under the impact of Hawkish signal sent from the FED Interest Rate Decision Meeting Minutes, leaded the major tech-stocks have all faced the depreciation, made DJ30 under the pressure. According to the data, the Initial Jobless Claims of last week were recorded with 207,000 people, slightly lower than the forecast. However, since the Initial Jobless Claims from the past month have all resulted with numbers around 200,000 people. This indicates the recovery for US Economic is in progress. Last but not least, CME’s Interest Observation Tool, “FedWatch” reveals, the potential in FED raising interest for at least three times in year 2022 have already exceed 70%. As FED tightens their monetary policy degree by degree, would continue to built resistance to DJ30.
In 4Hrs range, (5,10,20)Tri-MAs in consolidation after the dip. Candlestick sunks through 20MA. KD consolidating on low ground. MACD with negative column and declination on DIFF & DEA. Overall looking, DJ30 seems to vacillates after the plunge performed before. Bollinger Median Band constituted resistance. Investors who still hold the long order may cash-out the holding. And others would suggest with High-Throw for short-term and marginal Short position for the best possible interest.
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