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
