The Dow Jones Index closed down 38.96 points, or 0.12%, at 33553.96 on November 16 (Wednesday); The monthly rate of retail sales in the United States in October was 1.3%, expected to be 1.00%, the largest increase since February 2022. US retail sales rose sharply in October, indicating a strong economy. Despite the measures taken by the Federal Reserve to slow economic growth, American consumers' spending remains strong.
Dow Jones DJ30 - 4-hour K chart shows:
The 4-hour chart shows that the high level fluctuates in a narrow range, the short market momentum shows signs of waiting for opportunities to enter the market, the MACD index is in the long region of consolidation and translation, and the RSI index is in the upper 50 equilibrium line of the weak side hovering;
Empty turning point: 33702
Pressing: 33842, 33986
Support: 33527, 33396
Trading strategy: 33702 lower bearish, target 33527, 33396
Alternative strategy: bullish above 33702, target 33842, 33986