Stimulus Matters to the Stock Market and to Dow Jones 30 Industrials DJI

June 09, 2021, 07:45 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

#Investors often shrug off the impact of #stimulus but when fabricated demand comes into the #stockmarket everything is affected, even Dow Jones 30 Industrials (NYSE: DJI) and other stocks that might not be direct beneficiaries.  They say, a rising tide lifts all boats, and multiple expansion is a natural byproduct, but it works in both ways.  For DJI we can see the impact demand changes have on price by looking at the trading plans and pivot points below.  This changes over time, so we suggest updating the data for the most actionable results, but this static example also demonstrates how this is done.  For an update, please request Unlimited Real Time Reports. 

Technical Summary

Support and Resistance Plot Chart for DJI

Longer Term Trading Plans for DJI

DJI - (Long) Support Plan

Buy over 34190.09 target 35015.98 stop loss @ 34091.35

DJI - (Short) Resistance Plan

Short under 35015.98, target 34190.09, stop loss @ 35117.11

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