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Daily Market Analysis 22|09|2020: USU30

Instrument: US30

Intraday: BEARISH

Technical Analysis

Preference: 
Sell position is envisaged if price trades below 26882 with take profit at 26700
Alternative scenario: 
Buy position is envisaged if price trades above 27075 with take profit at key level 27196 
Fundamentals:
3:30pm  USD Fed Chair Powell Testifies

Comment: US stock markets continued falling on Monday as investors worried Congress would not agree to more stimulus cash before the election and reacted to an uptick in coronavirus infections closest resistance.

Analysis: SCRUM Team

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