DJ30: Arrangement of Low Position Disadvantages

Fundamental analysis:

The Dow Jones Index closed 111.22 points lower, or 0.37%, at 30072.56 on September 22 (Thursday); Powell may not want to look for signals from the data released at a very high frequency, but the data on initial jobless benefits provide evidence. The number of people applying for unemployment benefits for the first time increased by 213000, slightly lower than expected. The evidence of this series of data shows that the labor market looks stronger than it did a few months ago, thus providing reasons for the Federal Reserve's monetary tightening.

Dow Jones DJ30 - 4-hour K chart shows:

Technical analysis:

The 4-hour chart shows that the bearish power maintains a narrow range and slowly moves downward. The overall bearish sentiment of the market is good. The MACD indicator is maintained in the bearish area and the RSI indicator is maintained in the bearish area;

Empty turning point: 30275

Pressing position: 30451, 30640

Support position: 29991, 29810

Trading strategy: 30275 lower bearish, target 29991, 29810

Alternative strategy: bullish above 30275, target 30451, 30640