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Dow Jones Technical Analysis

On the daily chart below, we can see that the Dow Jones has bounced from the key 32684 support as positive news on the debt ceiling deal lifted the sentiment last Friday going into the weekend. The market positioned for a possible deal over the weekend and sure enough, Biden and McCarthy announced a deal yesterday. The Dow Jones opened with a positive gap in electronic trading hours that soon after got closed. We may now see a classic “sell the fact” trade where the market trades into an expecte... Read More

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Posted: May 29 2023, 10:12

Author Name: forexlive

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