The Dow Jones Index closed down 173.07 points, or 0.56%, at 30962.02 on September 15 (Thursday); The number of unemployment insurance applications in the United States fell for the fifth consecutive week, indicating that the demand for workers remained strong despite the uncertainty of the economic outlook. The number of people applying for unemployment benefits for the first time rose slightly to 1.4 million, still a historical low.
Dow Jones DJ30 - 4-hour K chart shows:
The 4-hour chart shows that the power of short sellers drops rapidly, the low position is weak in a narrow range, and the short-term decline trend continues to move downward. The MACD indicator remains in the short position area and the RSI indicator remains weak in the short position area;
Empty turning point: 31090
Pressing position: 31266, 31442
Support position: 30867, 30711
Trading strategy: sell below 31090, target 30867, 30711
Alternative strategy: bullish above 31090, target 31266, 31442