DJ30: Move low position sorting down

Fundamental analysis:

The Dow Jones Index closed down 495.49 points, or 1.70%, at 28730.12 on September 30 (Friday); Wall Street's downward spiral is now snowballing to force asset unwinding. The NYSE composite index, including American stocks, depository receipts and real estate investment trusts, has fallen below several technical support levels. The accumulation of losses may force the fund to sell more assets to raise cash, accelerating the selling. Maintain a tactical bearish view until panic selling forces the central bank to intervene.

Dow Jones DJ30 - 4-hour K chart shows:

Technical analysis:

The 4-hour chart shows that the short interest momentum maintains a narrow range of consolidation and slowly declines. The short interest sentiment in the market remains unchanged, and the short-term decline may continue. The MACD indicator hovers in a weak position under the 0 axis, and the RSI indicator is in a downward consolidation position under the 50 equilibrium line;

Empty turning point: 28886

Pressing position: 29170, 29432

Support position: 28562, 28303

Trading strategy: 28886 bearish, target 28562, 28303

Alternative strategy: bullish above 28886, target 29170, 29432