Instrument: US100
Bullish Preference:
A buy position is envisaged if the price trades above 15366.37 with take profit at 15388.33.
Bearish Preference:
A sell position is envisaged if the price trades below 15339.43 with take profit at 15303.16.
Fundamentals:
3:00pm USD ISM Manufacturing PMI
Comment:
Wall Street’s three major indexes advanced solidly on Friday, with the tech-heavy Nasdaq boasting its biggest first-half gain in 40 years as inflation showed signs of cooling while Apple closed with a $3 trillion market valuation for the first time. Apple Inc (NASDAQ: AAPL) breached the $3 trillion mark for the first time since January 2022, adding 2.3% to close at $193.97 after hitting a record of $194.48. It was lifted by growing appetites for growth stocks generally as well as bets the iPhone maker will succeed in new markets. Investors perked up for the last day of the second quarter on signs of cooling U.S. inflation from measures that are closely watched by the Federal Reserve.
Analysis: SCRUM Team