Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 14816.36 with take profit at 14836.83.
Bearish Preference:
Sell position is envisaged if price trades below 14749.82 with take profit at 14729.75.
Fundamentals:
No major Fundamental
Comment:
On Wall Street, the stock market saw strong 2-week performances. Dow Jones and S&P 500 futures climbed about 5.5% and 7.7% respectively. The former saw its best performance since early 2021 as the latter climbed the most since May 2020. Nasdaq 100 futures took the cake though, with the index gaining over 10%. You need to go back to the early 2000s dot-com bust to see the same kind of performance.
Analysis: SCRUM Team