Instrument: US30
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 34051 with a take profit at price 34108.
Bearish Preference:
A Sell position is envisaged if price trades below price 33940 with take profit at price 33874.
Fundamentals:
No major Fundamental
Comment: U.S. stock index futures were mixed in early morning trading on Monday, after the S&P 500 and Dow Jones Industrial Average closed at record highs on Friday. Futures contracts tied to the Dow slid 80 points while S&P 500 futures traded below the flatline. Nasdaq 100 futures, on the other hand, traded in mildly positive territory.
Stocks are coming off a week of gains as earnings topped estimates and strong economic data lifted the major averages. The S&P and Dow advanced 1.38% and 1.18% last week respectively for their fourth straight week of gains, while the Nasdaq Composite posted its third positive week in a row.
Analysis: SCRUM Team