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Risk-on sentiment took a hit – DOW JONES Market Outlook – 18/01/2021

SquaredFinancial

The Dow Jones ended Friday’s session on a second daily consecutive close in the red, printing a low at 30630 – with our short support target at 30625 – after risk on sentiment took a hit from weak economic data and US national guards deployed to protect all 50 capitols ahead of Biden’s inauguration day. 30625 remains in focus with 30520 as next support target as US celebrates Martin Luther King Holiday.

Support: 30625 / 30520
Resistance: 30800 / 31000

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/risk-on-sentiment-took-a-hit-dow-jones-market-outlook-18-01-2021
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