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DOW suffered worst day since June as COVID-19 concerns escalate – DOW JONES Market Outlook – 29/10/2020

SquaredFinancial

The Dow’s losing streak continued, plummeting more than 700 points as we were short positioned, and after Europe headed towards further lockdowns while new U.S. Covid-19 cases topped 70,000 and hospitalization rate climbed above August 15th 40,000 high. Heavy data day ahead with big names such as Alphabet, Amazon, Apple, Facebook reporting earnings. Technically, an hourly close below 26785 will favor lower prints with 26600 as closest target.

Support: 26600/ 26400
Resistance: 27000/27175

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/dow-suffered-worst-day-since-june-as-covid-19-concerns-escalate-dow-jones-market-outlook-29-10-2020
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