Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 34537 with take profit at 34593
Bearish Preference:
Sell position is envisaged if price trades below 34443 with take profit at 34403
Fundamentals:
No major Fundamental.
Comment:
The Dow Jones is in better shape as far as last week’s low holding, with it clocking in down at 34190. Beneath there is the 34k mark, a pretty significant level should it get tested. On the top-side, the 200-day is at 35018, along with a trend-line of the record high, and a short-term swing high at 35112. Trading could be choppy given the levels in close proximity.
Analysis: SCRUM Team