Instrument: US100
Bullish Preference:
A buy position is envisaged if the price trades above 15381.68 with take profit at 15402.97
Bearish Preference:
A sell position is envisaged if the price trades below 15327.47 with take profit at 15294.49
Fundamentals:
1:30 USD Trade Balance
1:30 Final Wholesale Inventories m/m
Comment:
Reason that indices are struggling for traction this earnings season relates to concentration at the top. Traders are punishing a couple of the most highly-weighted “Big Tech” behemoths like Apple Inc (NASDAQ:AAPL) and Tesla Inc (NASDAQ:TSLA), which is dragging
Analysis: SCRUM Team
