DJ30: Bears move down

Fundamental analysis:

The Dow Jones Index closed down 339.95 points, or 1.02%, at 32929.82 points on January 5 (Thursday); the number of ADP employment in the United States in December was 235,000, which was expected to be 150,000, and the previous value was 127,000. The labor market is strong but fragmented, with hiring varying widely across industries and firm sizes. Business units that had been on a hiring spree in the first half of 2022 have slowed down hiring, and some have cut jobs in the final month of 2022.

Dow Jones DJ30 - 4-hour K-line chart shows:

Brief technical analysis:

4-hour chart: In the short term, it maintains a wide range of shocks. After the range shocks, it goes down again. After touching the bottom, there are signs of continued downturns. The MACD indicator is weakly hovering below the 0 axis, and the RSI indicator is weakly finishing below the 50 balance line;

Long-short turning point: 33157

Suppression: 33272, 33374

Support: 32978, 32874

Trading strategy: bearish below 33157, target 32978, 32874

Alternative strategy: Bullish above 33157, target 33272, 33374