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Daily Market Analysis 11|09|2020: US30

Instrument: US30

Intraday: BEARISH

Technical Analysis

Preference:  
Sell position is envisaged if price below 27647 with take profit at 27496
Alternative scenario: 
Buy position is envisaged if price trades above 27845 with take profit at key level 28003
Fundamentals:
None with direct impact on the index

Comment:  Wall Street plunged Thursday as big tech gave up early-day gains and signs of a slowdown in the labor market raised concerns about the strength of the recovery at a time when Congressional efforts to make progress on a stimulus package failed to win enough votes to proceed.

Analysis: SCRUM Team

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