Instrument: US30
Intraday: Bullish
Technical Analysis
Preference:
Buy position is envisaged if price trades above 26863 with take profit at key level 26979.
Alternative scenario:
Sell if price trades below 26666 with take profit at 26497.
Fundamentals:
3:00pm USD ISM Non-Manufacturing PMI
Comment: Wall Street ended higher after a choppy session on Tuesday, lifted by Apple and energy stocks but limited by declines in AIG and Microsoft while investors awaited more U.S. government stimulus to fight economic fallout from the COVID-19 pandemic. Technically, Dow Jones has continued its bullish momentum and is expected to test the verified resistance.
Analysis: SCRUM Team