Instrument: US100
Bullish Preference:
A buy position is envisaged if the price trades above 104.999 WithTake profit at 105.189
Bearish Preference:
A sell position is envisaged if the price trades below 104.595 with Take profit at 104.396
Fundamentals:
3:00PM USD CB Consumer Confidence
Comment:
Nasdaq 100 muted after Tesla and Netflix earnings report were released. Further strength has been seen in this index over the week so far. Dip buyers continue to step after the slightest weakness. The June peak was followed up by a brief drop that then turned into a new move higher. The all-time highs at 16,630 are back in play once again. A move back below 15,000 is needed to dent the bullish view overall.
Analysis: SCRUM Team