The Dow ended yesterday’s session in the green, hitting our long entry resistance target at 28500 (now turned into support) after President Trump changed his mind, tweeting his support for a bigger package as House Speaker Pelosi expressed confidence in reaching an agreement on the amount of aid in new legislation with Treasury Secretary Mnuchin. Resurging Covid-19 cases is keeping higher prints under pressure, with an hourly close below 28500 support level to favor lower prints.
Support: 28500 / 28300
Resistance: 28750 /28900
