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DOW higher as investors focus on the economy reopening – DOW JONES: Technical Analysis – 02/06/2020


The Dow recovered from early session losses to finish 91 points higher at 25475 on Monday as investors focused on the economy reopening amid racial protests. On the data front, US manufacturing activity remains weak however showed signs of improvement. Elsewhere, China halted agricultural purchases from the US, a crucial part of the trade deal, which is likely to weigh on sentiment and warrants caution. The Dow’s tentative gains have kept it range-bound as the bulls would have to surpass resistance at 25550 to signal a potential re-test of resistance at 25850. On the downside, a sustained move below 25150 would impair the bullish view and target the lower support level at 25000 followed by 24850.

Support: 25150 / 25000
Resistance: 25550/ 25850

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/dow-higher-as-investors-focus-on-the-economy-reopening-dow-jones-technical-analysis-02-06-2020
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