DJ30: High position down

Fundamental analysis:

The Dow Jones Index closed up 57.47 points, or 0.17%, at 33594.17 on November 15 (Tuesday); The October PPI data released by the United States was significantly lower than expected and the previous value, strengthening the expectations of the Federal Reserve's loosening of the radical hawkish policy. The overall PPI annual rate of the United States recorded 8% in October, with the expected value and the previous value of 8.30% and 8.50% respectively; The annual rate of core PPI in the United States recorded 6.70% in October, with both the expected value and the previous value of 7.20%.

Dow Jones DJ30 - 4-hour K chart shows:

Technical analysis:

The 4-hour chart shows that after the high level narrow amplitude shock, the short power starts to decline, the MACD indicator is in the long area and slowly moves down, and the RSI indicator is in the weak position above the 50 equilibrium line;

Empty turning point: 33654

Pressing: 33801, 33929

Support: 33437, 33293

Trading strategy: 33654 lower bearish, target 33437, 33293

Alternative strategy: bullish above 33,654, target 33,801, 33,929