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> Sharp Decline in Consumer Confidence Weighed on the DOW – DOW JONES Market Outlook – 26/08/2020
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Sharp Decline in Consumer Confidence Weighed on the DOW – DOW JONES Market Outlook – 26/08/2020

SquaredFinancial

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The Dow failed to track its peers higher as it hit our short entry support target at 28300 only to print lower in early trade today ahead of Jackson Hole as investors wait to hear from the Federal Reserve on the next moves to support the U.S. economy, as we favor in further downside with 28125 and 28000 as the closest support targets.

Support: 28125 / 28000
Resistance: 28200/28300

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/sharp-decline-in-consumer-confidence-weighed-on-the-dow-dow-jones-market-outlook-26-08-2020
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