Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 34428 with take profit at 34504.
Bearish Preference:
Sell position is envisaged if price trades below 34294 with take profit at 34190.
Fundamentals:
No Major Fundamental
Comment: Futures contracts tied to the major U.S. stock indexes rebounded on Tuesday from modest losses in the prior session after better-than-expected earnings from Home Depot and a rebound in tech shares. Growth-heavy stocks have remained under pressure in recent sessions as investors fret over whether a pop in inflation will entrench or blow over as the Federal Reserve expects.
Analysis: SCRUM Team