Instrument: US30
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 33370 with take profit at 33410
Bearish Preference:
A Sell position is envisaged if the price trades below price 33293 with take profit at 33258
Fundamentals:
4:00pm USD ISM Manufacturing
USD JOLTS Job Openings
8:00pm USD FOMC Meeting Minutes
Comment:
U.S. stock futures were trading lower during Tuesday’s evening deals, after major benchmark averages started 2023 with significant declines as higher interest rates and persisting inflation pressures fuel fear of an economic downturn. In extended deals, Smart Global Holdings Inc (NASDAQ:SGH) added 7.6% after the company reported Q1 EPS of $0.79 versus $0.59 expected, while revenue came in at $465 million versus $447.18M expected.
Analysis: SCRUM Team
