The US economy lost more than expected in the first quarter

Fundamental analysis:

The Dow Jones index closed up 516.91 points, or 1.61%, at 32637.19 on Thursday, May 26; U.S. stocks closed higher across the board, with the Dow initially closing up 500 points. U.S. GDP data showed that GDP fell by 1.5% in the first quarter, and preliminary estimates showed that the economy shrank by 1.4%. The US economy lost more than expected in the first quarter.

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

Technical comments: the bull power continues to fluctuate and rise in the middle and upper rail section of the brin belt index channel, and the high level reaches near 32728. The short-term bull power continues to rise. The bull power of the brin belt index continues to fluctuate and rise, the MACD index is in the bull region, and the shock is constantly moving up, and the RSI index is in 50 equilibrium. The bull region on the online side continues to fluctuate and rise;

Long short turning point: 32394

Pressing position: 32800, 33071

Support position: 32115, 31853

Trading strategy: bullish above 32394, target 32800, 33071

Alternative strategy: bearish below 32394, target 32115, 31853

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