Dow: high volatility

The Dow Jones index closed up 51.15 points, or 0.16%, at 31878.20 on Wednesday, July 20; Sales of existing homes in the United States fell to the lowest level in two years in June, and soaring borrowing costs continue to erode people's affordability to buy homes. Data released by the National Association of Realtors showed that the total number of existing home sales in the United States in June was 5.12 million, down 5.4% from the previous month. The median expectation of economists is 5.35 million.

According to the 4-hour chart, the Bull Power maintained a concussion and rose, and the high level was short-term consolidation. MACD index was in the concussion and translation of the bull region, and RSI index was in the weak position of the bull region;

Long short turning point: 31734

Pressing position: 31935, 32096

Support position: 31593, 31481

Trading strategy: bullish above 31734, target 31935, 32096

Alternative strategy: bearish below 31734, targets 31593, 31481