DJ30: low down

Fundamental analysis:

The Dow Jones Index closed down 763.54 points, or 2.25%, at 33202.81 points on December 15 (Thursday). The Fed released a signal overnight to continue raising interest rates in the future, but this time the Fed raised interest rates by 50 basis points, significantly less than the last time resolution, and the rate of interest rate hikes in the future may continue to slow down. Since the Federal Reserve has lowered its economic growth forecast at the same time, the US economy will still struggle in the future.

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

Brief technical analysis:

Looking at the 4-hour chart: the short-term momentum has fallen at a low level, the short-term decline may continue, the market's bearish sentiment emerges, the MACD indicator is in the bearish area and the RSI indicator is in the bearish area.

Long-short turning point: 33439

Press: 33556, 33695

Support: 33236, 33115

Trading strategy: bearish below 33439, target 33236, 33115

Alternative strategy: Bullish above 33439, target 33556, 33695