Biden’s USD2.5 trillion infrastructure proposal called the “American Jobs Plan” would increase the corporate income tax rate to 28% from 21%. But so far, Wall Street seems to be ignoring that and buying the dips is what traders keep doing. The Dow Jones did take a breather yesterday after strong gains over the past few sessions, but the slightly down session didn’t alter the bullish trend as the index remains firmly above the 50 and 200-period SMA’s for now.
Support: 33450 / 33240
Resistance: 33575 / 33680
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