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US Stimulus Talks triggered a rebound on the DOW – DOW JONES Market Outlook – 25/09/2020

Comments out of House Speaker Pelosi and Treasury Secretary Mnuchin stating that they are ready to resume stimulus talks, despite democrats now going for a smaller / $2.4T package, along with stronger than expected New Homes Sales data (Aug) triggered a late rebound on the Dow as it ended yesterday’s session slightly in the green. Failure to print an hourly close above 27000 resistance level would confirm bearish momentum favoring a pullback towards 26785 support level.

Support: 26785 / 26600
Resistance: 27000 /27175

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Friday, 25 Sep, 2020 / 7:33

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