DJ30: Low short position moves down due to concussion

Fundamental analysis:

The Dow Jones index closed down 329.60 points, or 1.11%, at 29260.81 on September 26 (Monday); Due to the relatively optimistic economic outlook of the United States, the advantages of the US dollar over other currencies have also been strengthened. Despite the overall concerns, Federal Reserve Chairman Powell previously said that the Federal Reserve would continue to pay attention to inflation, and it would only change the prospects of monetary policy if it saw a convincing decline in the rate of price increases "in the coming months".

Dow Jones DJ30 - 4-hour K chart shows:

Technical analysis:

The 4-hour chart shows that the short selling power maintains a narrow range of consolidation and continues to fluctuate downward. The short-term decline has not stopped. The short selling mood is shrouded. The MACD index maintains consolidation in the short selling area, and the RSI index hovers in the low position in the short selling area;

Empty turning point: 29393

Pressing position: 29612, 29824

Support position: 29137, 28901

Trading strategy: 29393 lower bearish, target 29137, 28901

Alternative strategy: bullish above 29393, target 29612, 29824