DJ30: high rise

The Dow Jones index closed up 28.67 points, or 0.08%, at 33,978.08 points on January 27 (Friday); U.S. annual inflation expectations fell for the fourth consecutive month, from 4.4% in December last year to 3.9% in January this year . That's the lowest level since April 2021, but still well above the 2.3%-3.0% seen in the two years before the pandemic. Longer-term inflation expectations held at 2.9%, but again in a narrow range of 2.9-3.1% for 17 of the past 18 months, still relatively high relative to the 2.2-2.6% range in the two years before the pandemic .

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

Looking at the 4-hour chart: The bullish momentum maintains a ladder-style shock and rise, and there are signs of retracement after the short-term bullish sentiment continues. The MACD indicator is slowly moving upwards above the 0 axis, and the RSI indicator is hovering weakly above the 50 balance line;

Long and short turning point: 34008

Suppression: 34137, 34217

Support: 33924, 33851

Trading strategy: Bullish above 34008, target 34137, 34217

Alternative strategy: bearish below 34008, target 33924, 33851