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DOW heading higher amid new round of stimulus packages – DOW JONES Market Outlook – 24/06/2020

SquaredFinancial

Comments from Treasury Secretary Mnuchin about further stimulus packages and improving domestic signals both in Europe and the U.S boosted risk on sentiment on the Dow as it hit our resistance target at 26395 with all moving averages maintaining a bullish cross, favoring further upside with an hourly close above 26395 to open the door to further gains.

Support: 26155 / 25970
Resistance: 26395 / 26785

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/dow-heading-higher-amid-new-round-of-stimulus-packages-dow-jones-market-outlook-24-06-2020
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