Fundamental analysis:
The Dow Jones index closed up 49.83 points, or 0.16%, at 31930.07 on Tuesday, May 24; US stocks closed with the Dow close flat. The Fed's interest rate hike risks plunging the economy into recession or stagflation. Therefore, it is recommended to sell 10-year inflation protected bonds (TIPS) and hold longer-term tips.
Dow Jones dj30 - 4-hour K-line chart shows:
Technical comments: the upper rail section in the Bollinger belt index channel continued to fluctuate and rise. After touching the node near the upper rail 31970 of the Bollinger belt index, it continued to rise. The Bollinger belt index showed a closing trend and began to move upward after continuous translation. The low bull dynamic force of MACD index maintained a concussion and moved upward to the upper side of the 0 axis, and the RSI index was in the consolidation on the upper side of the 50 equilibrium line;
Long short turning point: 31835
Pressing position: 32232, 32511
Support position: 31511, 31231
Trading strategy: bullish above 31835, target 32232, 32511
Alternative strategy: bearish below 31835, targets 31511 and 31231
The above analysis is a personal point of view and is for reference only.