The Dow ended yesterday’s session below the 26000 level, hitting our short entry support targets 260 points lower at 25797 despite US jobless claims falling by most in a month as risk aversion dominated markets with the US registering a record number of daily Covid-19 cases. Looking to further downside as the index trades below the 200 period SMA with 25227 as closest support target.
Support: 25560 / 25227
Resistance: 25797 / 25970
