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DOW lower after record number of daily COVID-19 cases – DOW JONES Market Outlook – 10/07/2020


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

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/dow-lower-after-record-number-of-daily-covid-19-cases-dow-jones-market-outlook-10-07-2020
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