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Fed Powell boosted US Equities to RECORD highs – DOW JONES Market Outlook – 17/12/2020


The Dow hit both our short and long support/resistance targets at 30120/30235 as Fed Powell statements once again propped up equities, as the Federal Reserve kept policy steady and reiterated their stand to continue for as long as it takes, while warning that the next few months will be critical. 30300 all time high resistance level is the key level to break, opening the door to all time highs, with 30400 as the next Fibonacci resistance target.

Support: 30235 / 30120
Resistance: 30300 / 30400

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/fed-powell-boosted-us-equities-to-record-highs-dow-jones-market-outlook-17-12-2020
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