Instrument: US30
Technical Analysis
Bullish Preference:
Buy is envisaged if price trades above 31504 with take profit at 31550
Bearish Preference:
Sell is envisaged if price trades below 31432 with take profit at 31376
Fundamentals:
2:30pm USD Core Retail Sales m/m
USD Retail Sales m/m
Comment: The Dow Jones Industrial Average notched a record closing high on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U.S. economy from a coronavirus-driven slump.
Investors will also focus this week on the minutes from the Federal Reserve’s January meeting, where it reaffirmed its pledge to maintain a dovish policy stance.
Analysis: SCRUM Team
