Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 12217.20 with take profit at 12244.71
Bearish Preference:
Sell position is envisaged if price trades below 12105.35 with take profit at 12083.14
Fundamentals:
No Major Fundamental
Comment:
The major indices are still lower for the week and working on their 6 consecutive weekly decline for the S&P and NASDAQ (with one more day of trading). The Dow is on pace for its 7th consecutive week decline.
Analysis: SCRUM Team