DJ30: Arrangement of high position and weak position

Fundamental analysis:

The Dow Jones Index closed down 128.85 points, or 0.39%, at 32732.95 on October 31 (Monday); Influenced by the prospect of aggressive interest rate increase by the Federal Reserve. Prudent investors focus on the upcoming policy meeting of the Federal Reserve to seek guidance on its future policy stance. The committee does not seem to have reached consensus on the preferred size of interest rate increase in December.

Dow Jones DJ30 - 4-hour K chart shows:

Technical analysis:

The 4-hour chart shows that the bulls' momentum continues the upward trend and continues to fluctuate and rise, the high short-term narrow range consolidation and translation, the market bears have signs of waiting for opportunities to enter the market in the short term, but the overall trend is still in the upward channel, the MACD index is in the high regional consolidation of the bulls, and the RSI index is in the high regional consolidation of the 50 balanced online bulls;

Empty turning point: 32852

Pressing: 33,184, 33,417

Support: 32529, 32284

Trading strategy: 32852 bearish, target 32529, 32284

Alternative strategy: bullish above 32852, target 33184, 33417