Instrument: US100
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 11704.79 with take profit at 11734.44
Bearish Preference:
A Sell position is envisaged if the price trades below 11642.70 with take profit at 11614.61
Fundamentals:
None with high impact
Comment:
The tech-heavy Nasdaq 100 index has gained nearly 6.2% in 2023. Shares of some megacap companies – which include those grouped outside of tech in sectors like communication services and consumer discretionary – have shot higher, with Amazon, Meta Platforms and Nvidia posting double-digit percentage increases.
Analysis: SCRUM Team