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
Risk Warning: 56.82% of retail CFD accounts lose money
This analysis is just part of a greater daily market report on 8+ of the hottest instruments and assets provided to all SquaredFinancial clients.
Disclaimer: This information is only for educational purposes and is not an investment recommendation. The information here has been created by SquaredFinancial. All examples and analysis used herein are of the personal opinions of SquaredFinancial. All examples and analysis are intended for these purposes and should not be considered as specific investment advice. The risk of loss in trading securities, options, futures, and forex can be substantial. Customers must consider all relevant risk factors including their own personal financial situation before trading.