DJ30: shock up

Fundamental analysis:

The Dow Jones index closed up 183.10 points, or 0.54%, at 33,781.02 points on Thursday, December 8. The number of Americans continuing to apply for unemployment benefits rose to the highest level since early February, indicating that as the labor market shows initial signs of cooling, unemployment is increasing. Americans have a harder time finding new jobs. Continuing claims, which include people who have been receiving unemployment benefits for a week or more, rose 62,000 to 1.7 million in the week ended Nov. 26.

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

Brief technical analysis:

Looking at the 4-hour chart: low-level bulls fluctuate upward, short-term bullish sentiment emerges, MACD indicator is in the short-term area and moves upward, and RSI indicator is hovering weakly near the 50 balance line;

Long and short turning point: 33775

Suppression: 33884, 33965

Support: 33696, 33619

Trading strategy: Bullish above 33775, target 33884, 33965

Alternative strategy: bearish below 33775, target 33696, 33619