The Dow hit our long entry resistance target 325 points higher at 27400 over optimism of further stimulus aid as investors are pricing in a unilateral Trump action amidst ongoing stimulus negotiations stalemate. Better than expected Jobless Claims data also supported higher prints on the index while increasing geopolitical tensions after Trump’s ban of TikTok and Wechat dented upside momentum favoring a retracement towards 27175 support level.
Support: 27175 / 27000
Resistance: 27400/ 27550
