Dow Jones - 4 Hourly - Consolidation with a slight upside bias. Support sits at 34,500

Technicals

From a technical aspect, the index is within a range, with an upside bias. Support sits below at the 61.8% fib 34,479. A break here could take the index dow towards 34,045. Towards the upside, a break above 35,000 could the index towards 35,859, but it could take some time. Inflation still persists and the FED are acting slowly to combat this, if they speed up and hike rates faster than expected, it will definitely dampen the markets.