The Dow Jones Index closed down 1276.37 points, or 3.94%, at 31104.97 on September 13 (Tuesday); The US CPI rose 0.1% month on month in August, bringing problems to the Federal Reserve. Policymakers are powerless to cope with the rising prices, and raising interest rates has limited effect on slowing down food prices.
Dow Jones index dj30 - 4-hour K-line chart shows:
According to the 4-hour chart, the high-level short power is rapidly descending, the short-term decline may continue, and the overall short sentiment of the market is beginning to be shrouded. The MACD indicator is in the maintenance and consolidation of the long area and moves to the lower side of the 0 axis. The RSI indicator is in the consolidation of the short area below the 50 equilibrium line;
Long short turning point: 31262
Pressing position: 31420, 31591
Support position: 30942, 30774
Trading strategy: 31262 lower bearish, target 30942, 30774
Alternative strategy: bullish above 31262, target 31420, 31591