Dow tumbles as Biden announces Russia sanctions

Fundamental analysis:

The Dow Jones Index closed down 482.11 points, or 1.41%, to 33597.07 points on February 22 (Tuesday); US stocks closed, and the three major US stock indexes initially closed down. After US President Joe Biden delivered a speech, the financial market risk sentiment slightly There is a strengthening, pushing the US Treasury yields to rise late in the US session, with the 2-year Treasury yield reaching the highest level of the day. As of 3 p.m. ET, U.S. Treasury yields rose 1.5 basis points to 9 basis points, led by short-term treasuries, and the 2s10s yield spread tested multi-month lows. A strong 2-year Treasury auction failed to provide additional support for short-dated Treasuries, with the market also seeing 5-year and 7-year bond issuances.

Dow Jones Index DJ30 - 4-hour K-line chart shows:

Technical comments: The short-term bearish momentum continues to move downward in the middle and lower rails of the Bollinger Bands indicator channel and continues to oscillate downward. The low level reaches the 33284 node and remains volatile. The short-term bearish momentum continues to move downward. The Bollinger Bands indicator shows a good downward trend. The MACD indicator It is in the short area to maintain order and move, and the RSI indicator continues to hover below the 50 equilibrium line;

Long and short turning point: 33711

Suppression bit: 33896, 34094

Support: 33431, 33284

Trading strategy: bearish below 33711, target 33431, 33284

Alternative strategy: bullish above 33711, target 33896, 34094

The above analysis is a personal opinion and is for reference only.