Daily Market Analysis 03.02.2022: US100

Instrument: US100

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 14875.74 with take profit at 14937.72.
Bearish Preference: 
Sell position is envisaged if price trades below 14760.06 with take profit at 14707.13.
2:30pm USD Unemployment Claims
4:00pm ISM Services PMI

Comment: U.S. stock futures fell early Thursday, as traders pored through the latest batch of corporate earnings, which included disappointing numbers from tech giant Meta Platforms. Futures tied to the Nasdaq 100 dropped 1.95%, and S&P 500 futures slid 0.91%. Dow Jones Industrial Average futures slid 42 points, or 0.12%. Shares of Facebook-parent Meta Platforms plunged more than 21% in after-hours trading after the company’s quarterly profit fell short of expectations. The company also issued weaker-than-expected revenue guidance for the current quarter.

Analysis: SCRUM Team

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