St. Louis Fed chairman Brad said the Fed should not raise interest rates too quickly

Fundamental analysis:

The Dow Jones index closed down 177.0 points, or 0.54%, at 32813.1 on Wednesday, June 1; At the close of the US stock market, the three major stock indexes opened higher and went lower, and the Dow initially closed lower. St. Louis Fed chairman Brad reiterated his support for raising the benchmark interest rate to 3.5% to curb the surge in inflation. He also agreed with the plan of raising the interest rate by 50 basis points proposed by officials. "I don't think it is wise for the central bank to act too quickly.".

Dow Jones dj30 - 4-hour K-line chart display:

Technical comments: the high level maintained the weak position, and the consolidation fell slowly. After falling below the brin zone index, the short-term short-term power began to fluctuate and retreat downward. The brin zone index continued to close. The MACD index remained in the long position and fell slowly. The RSI index short-term power continued to fluctuate and descend to the lower side of the 50 equilibrium line;

Multi empty turning point: 32872

Pressing position: 33152, 33485

Support position: 32475, 32205

Trading strategy: 32872 bearish below, target 32475, 32205

Alternative strategy: 32872 bullish above, target 33152, 33485

The above analysis is a personal point of view and is for reference only.