Buy position is envisaged if price trades above 16320.78 with take profit at 16353.24.
Sell position is envisaged if price trades below 16218.22 with take profit at 16176.68.
Fundamentals:2:30pm USD Prelim GDP q/q USD Unemployment Claim
4:00pm USD Core PCE Price Index m/m
8:00pm USD FOMC Meeting Minutes
Comment: The slump for the Nasdaq came as the benchmark 10-year Treasury note rose to yield 1.665% to mark its highest yield since Oct. 21, according to Dow Jones Market Data. In corporate news, shares of Zoom Video Communications Inc. fell nearly 15% after company executives detailed falling revenue on a conference call late Monday.
Analysis: SCRUM Team