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Equities recover as bond yields take a breather – DOW JONES Market Outlook – 01/03/2021

SquaredFinancial

Dow Jones Futures are on the rise this morning, after stock markets came under pressure last week following a global bond selloff. If we rally back up from here, this would signal renewed strength, as President Joe Biden’s soon-to-be approved $1.9 trillion stimulus is still keeping most investors optimistic. Technically, a break of the 31225 resistance will drive prices higher to 31300 and 31400 in extension. However, a break below last week’s low around 30900 would send a bearish signal triggering further declines.

Support: 31050 / 30900
Resistance: 31225 / 31300 / 31400

SquaredFinancial Daily Market Outlook


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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/equities-recover-as-bond-yields-take-a-breather-dow-jones-market-outlook-01-03-2021
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