Instrument: US100
Bullish Preference:
A buy position is envisaged if the price trades above 15789.72 With take profit at 15829.51
Bearish Preference:
A sell position is envisaged if the price trades below 15697.72 with Take profit at 15661.67
Fundamentals:
1:30pm USD Advance G
USD Unemployment Claims
Comment:
Buoyant Wall St stocks brace for a critical test of this year’s extraordinary surge in Big Tech shares as Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) both report after the bell on Tuesday, just as Federal Reserve officials kick off their two-day policy meeting. Dow rallies to keep win streak alive as energy powers ahead. The Dow closed Monday, extending its daily win streak to an eleventh-straight gain, supported by a rally in energy as investors continue to digest better-than-expected quarterly results of reports from big tech and the Federal Reserve decision this week.
Analysis: SCRUM Team