Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15916.83 with take profit at 15935.31.
Bearish Preference:
Sell position is envisaged if price trades below 15833.76 with take profit at 15808.65.
Fundamentals:
No major fundamental
Comment:
Stock futures were mildly lower in early morning trading on Tuesday after the S&P 500 eked out a fresh record close Monday to kick off November. All three major U.S. stock indexes hit new intraday highs and closed at records during Monday’s regular session. Investors are eyeing a number of potentially market-moving events this week. The Federal Reserve’s highly anticipated Federal Open Market Committee meeting takes place this week. The October jobs report drops Friday. Third-quarter earnings season continues.
Analysis: SCRUM Team