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Fed Powell saved the DOW once again – DOW JONES Market Outlook – 11/02/2021


8th consecutive session in the green for the Dow, printing new all-time highs after US inflation remained in the rear view mirror, with CPI (MoM) registering within expectations at 0.3% vs. a previous of 0.4%. New all-time highs were accompanied by extreme volatility with the index dropping more than 200 points, only to recover losses and end the session in the green. Technicals favor higher prints as focus returns to earnings, with 31500 and 31600 as next resistance targets.

Support: 31400 / 31340
Resistance: 31500/ 31600

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/fed-powell-saved-the-dow-once-again-dow-jones-market-outlook-11-02-2021
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