Main Scenario: The Dow Jones Industrial Average fell on Tuesday as Apple shares declined for the first time in six sessions .The 30-stock Dow dropped 84 points, or 0.3%, and was on pace to snap a three-day winning streak. But Dow30 still in in uptrend as the index still stays above 28099 level. As long as the index finds a support in that level, index gives an opportunity for a long position.
Target Expectation:28252 – 28306
Considerations Supporting The Scenario: Risk appetite increases int the market as America and China made a conference call about the progress in Phase 1 trade deal. Also FDA approved plasma transfer as one of the main corona virus medical treatment. These two developments increased risk appetite in the market.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 28099 support level
Positive Alternative Target Expectation: 28252 – 28306
Negative Alternative Target Expectation: 28016 – 27740