The health of the global economy is heating up, and the Dow fluctuated and fell

Fundamental analysis:

The Dow Jones index closed down 236.81 points, or 0.75%, at 31253.26 on Thursday, May 19; U.S. stocks closed, the three major stock indexes fluctuated in a wide range, the Dow index closed down weakly, concerns about the health of the global economy increased day by day, coupled with the decline of the stock market, the yield of U.S. Treasury bonds fell in an all-round way. After the signal from the US consumer giants, the bet that strong profits can help investors survive this year's turmoil was abandoned, indicating that inflation has an increasing impact on profit margins and consumer spending.

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

Technical comments: the short power continued to fluctuate and fall near the brin zone index, and began to sort out after reaching the node near 30958 at a low level. The short-term short power continued to move downward, the brin zone index continued to open slowly, the MACD index was below the 0 axis, the short area maintained concussion and continued to decline, and the RSI index was below the 50 equilibrium line;

Long short turning point: 31316

Pressing position: 31550, 31791

Support position: 30942, 30695

Trading strategy: 31316 bearish below, target 30942, 30695

Alternative strategy: bullish above 31316, targets 31550 and 31791

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