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Daily Market Analysis 08.11.2022: US30

Instrument: US30

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if price trades above 32984with take profit at 33062
Bearish Preference: 
A Sell position is envisaged if price trades below price 32737 with take profit at 32638
Fundamentals:
No major fundamental

Comment: 
U.S. stock index futures edged higher on Tuesday ahead of a crucial midterm election that will determine control of Congress, with Republicans favoured by polls to win control of the House of Representatives and possibly the Senate. Control of even one chamber of Congress would give Republicans the power to bring Biden’s legislative agenda to a halt and demand deep spending cuts.

Analysis: SCRUM Team

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