Dow: concussion up

The Dow Jones index closed down 48.37 points, or 0.16%, at 30481.88 on Wednesday, June 22; Federal Reserve Chairman Powell: a series of additional interest rate increases have been digested by the market, which is appropriate. The latest inflation indicators show that we need to accelerate the pace of interest rate hikes.

According to the 4-hour chart, the low-level Bull Power maintained in the upper rail section of the Bollinger belt index channel and continued to fluctuate and rise. After touching the nodes near the upper rail for many times, the short-term Bull Power showed signs of continuing to move upward. The Bollinger belt index showed a closing trend and slowly pulled upward. The MACD index maintained in the short area and moved upward to the weak position near the 0 axis. The RSI index was in the weak position near the 50 equilibrium line;

Multi empty turning point: 30354

Pressing position: 30704, 30950

Support position: 30123, 29900

Trading strategy: bullish above 30354, target 30704, 30950

Alternative strategy: bearish below 30354, target 30123, 29900