Fundamental analysis:
The Dow Jones Index closed up 345.16 points, or 1.05%, at 33,220.87 points on December 29 (Thursday); the number of initial jobless claims in the United States recorded 225,000 in the week to December 24, the highest since the week of December 3 new highs. The number of Americans filing new claims for jobless benefits rose but remained near record lows, underscoring the labor market's enduring resilience despite aggressive steps by the Federal Reserve to cool demand.
Dow Jones DJ30 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the market as a whole is in a weak position, and the low-level and wide-range shocks are slowly moving down. Although the bullish power is waiting for an opportunity to move up, the follow-up power is weak and the downward trend has not yet been changed. The MACD indicator is hovering below the 0 axis, and the RSI indicator is at 50. Finish near the equilibrium line;
Long-short turning point: 33436
Suppression: 33591, 33727
Support: 33217, 33062
Trading strategy: bearish below 33436, target 33217, 33062
Alternative strategy: Bullish above 33436, target 33591, 33727