Daily Market Analysis 26.10.2022: US100

Instrument: US100+

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 11574.10 with take profit at 11608.65
Bearish Preference: 
Sell position is envisaged if price trades below 11497.39 with take profit at 11469.58
No major fundamental  

U.S. stocks are seen opening lower Wednesday, with the tech sector particularly hard hit after disappointing results from Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT), representing a weak start to the Big Tech earnings week.

Analysis: SCRUM Team

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