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Traders remain optimistic despite Stimulus uncertainty – DOW JONES Market Outlook – 30/12/2020

SquaredFinancial

The Dow failed to breach our 30625 resistance level, correcting towards 30300 support level after Senate Leader Mitch McConnell blocked a quick vote on Trump’s $2000 checks, while the market appears to have resumed trading in a risk on sentiment in early trade today, as we look for an hourly close above 30440 to favor further upside with 30520 as the closest resistance target.

Support: 30440 / 30300
Resistance: 30520 / 30625

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/traders-remain-optimistic-despite-stimulus-uncertainty-dow-jones-market-outlook-30-12-2020
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