Dj30: high level narrow width finishing

Fundamental analysis:

The Dow Jones index closed up 20.63 points, or 0.06%, at 34000.95 points on Thursday, August 18; In August, the Philadelphia Federal Reserve manufacturing index unexpectedly increased for the first time in three months, but the outlook for the future is still weak. According to the data released by the Federal Reserve Bank of Philadelphia on Thursday, the current evaluation index of the manufacturing industry rose from - 12.3 to 6.2, higher than all economists' estimates.

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

Technical analysis:

According to the 4-hour chart, the Bulls' momentum maintained a shock rise, the high-level narrow range consolidation and translation, the short-term market pull-up trend began to weaken, the MACD index bulls maintained consolidation, and the RSI index hovered at the 50 equilibrium online side;

Long and short turning point: 34025

Pressing position: 34194, 34335

Support position: 33846, 33716

Trading strategy: bearish below 34025, target 33846, 33716

Alternative strategy: bullish above 34025, targets 34194 and 34335