Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 31869 with take profit at 31952.
Bearish Preference:
Sell position is envisaged if price trades below 31708 with take profit at 31627
Fundamentals:
2:30pm USD CPI m/m
Comment: News that a $1.9 trillion coronavirus relief package was nearing final approval sparked a spike in yields on Monday, pushing the Dow Jones. The quick ramp higher in Treasury yields and concerns of inflation and higher rates weighing on growth stocks especially – remain a focal point for investors.
Analysis: SCRUM Team