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Dow Jones 1Hour Chart Wedge Formation Near Resistance at 41,530, Support at 40,640 Remains Key

DOW JONES was up on Monday morning after testing the low level of 40950 in the last trading session as Stocks in the US wrapped up a tough week with a rally on Friday, as the S&P 500 jumped 2.1%, the Dow Jones popped 674 points. Senate Minority Leader Chuck Schumer signaled support for a Republican-backed funding bill, reducing political uncertainty.