Of course, when pushing your Hellcat down a long and empty road, the last thing you want to have is an unexpected road bump on the way. This is what the Dow Jones had to experience today (metaphorically). Joe Biden’s announcement of a $1.9 Trillion Covid-19 relief package was not welcomed by the Dow, which reacted to the news with a dip. No need to worry, though! We hold on to our calculations and expect the Dow to approach a range between 31400 and 31700 points before a correctional movement sets in. Alternatively, if the Dow relentlessly pushes the gas pedal, it might also surpass this mark and aim for regions above 33300 points.
Are you down to ride? 🚗