DJ30: bears down

Fundamental analysis:

The Dow Jones Index closed down 365.85 points, or 1.10%, at 32875.71 points on December 28 (Wednesday). The U.S. government is satisfied with the state of the U.S. economy, but experts are concerned about the strengthening of the dollar, which has affected global development. The Fed has been aggressively raising interest rates in the face of decades of high inflation. Many central banks are forced to follow in the footsteps of the Federal Reserve to prevent rising inflation and maintain economic development.

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

Brief technical analysis:

Looking at the 4-hour chart: the short-term momentum remains volatile and downward, the short-term decline may continue, the market is bearish, the MACD indicator is hovering weakly below the 0 axis, and the RSI indicator is in the downward trend of the short-term zone;

Long and short turning point: 33130

Repression: 33281, 33422

Support: 32911, 32770

Trading strategy: bearish below 33130, target 32911, 32770

Alternative strategy: call above 33130, target 33281, 33422