Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 11027.69 with take profit at 11045.08
Bearish Preference:
Sell position is envisaged if price trades below 10999.06 with take profit at10982.31
Fundamentals:
4:00pm USD ISM Manufacturing PMI
USD JOLTS Job Openings
8:00pm USD FOMC Meeting Minutes
Comment:
The Nasdaq 100 had a less favorable split than the Dow, with 25 gainers against 75 losers in 2022. The losing side was unsurprisingly tilted towards tech, whether it be software-as-a-service providers like Zoom Video Communications. Nasdaq 100 Futures were up 0.65%. Russell 2000 Futures were up 1.1%.
Analysis: SCRUM Team
