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Rapid surge in COVID-19 cases weighs on the DOW – DOW JONES Market Outlook – 26/10/2020


The Dow hit our short entry support target as it ended Friday’s session on a significant bearish daily close, favoring further downside in today’s session with 28000 key support level to breach as U.S. hospitalizations rise to two months high and stimulus talks continue drag as both parties trade blame. An hourly close below 28000, will open the door to lower prints with 27850 and 27700 as closest support targets.

Support: 28000 / 27850/ 27700
Resistance: 28300 /28500

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/rapid-surge-in-covid-19-cases-weighs-on-the-dow-dow-jones-market-outlook-26-10-2020
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