06.04.2020 DOW JONES Daily Analysis

06.04.2020 DOW JONES Daily Analysis

The Dow's market value closed at 21052.53(-1.69%) losing more than 300 points. Over the weekend, however, the Dow's Futures rose sharply when The White House indicated that there is potential stabilization regarding the spread of the Covid-19. Investors seem to be holding to this hope but that might be just that, hope. There are still many factors still at play here and it might be too soon to gauge how far the pathogen will go. Technical analysis of the Dow Jones charts shows that a lot of investors with bullish sentiments are waiting for the perfect opportunity to sell and should this happen we might see the Dow losing some hard-earned points again. With the coronavirus still ravaging many parts of the world and the US specifically the Dow is dancing on hot fire and the worst may yet be here. The US president has already admitted that the following couple weeks might be extremely rough and Americans should brace themselves for more corona-related deaths.