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DOW printed above 29000 for the first time since February – DOW JONES Market Outlook – 03/09/2020

SquaredFinancial

The Dow hit our long entry resistance targets as it printed above 29000 for the first time since February as the rally in equity markets broadened with defensive and value stocks leading gains after data showed U.S. payrolls expanding last month though at a much slower than expected pace. Prints below 29000 should accelerate a pullback with 28900 as the closest support target.

Support: 28900 / 28750
Resistance: 29180/29280

SquaredFinancial Daily Market Outlook


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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/dow-printed-above-29000-for-the-first-time-since-february-dow-jones-market-outlook-03-09-2020
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