Instrument: US30
Intraday: BEARISH
Technical Analysis
Preference:
Sell position is envisaged if price below 27647 with take profit at 27496
Alternative scenario:
Buy position is envisaged if price trades above 27845 with take profit at key level 28003
Fundamentals:
None with direct impact on the index
Comment: Wall Street plunged Thursday as big tech gave up early-day gains and signs of a slowdown in the labor market raised concerns about the strength of the recovery at a time when Congressional efforts to make progress on a stimulus package failed to win enough votes to proceed.
Analysis: SCRUM Team