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Daily Market Analysis 09/08/2021: US100

Instrument: US100

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 15099.22 with take profit at 15118.55.
Bearish Preference: 
Sell position is envisaged if price trades below 15041.33 with take profit at 15019.07.
Fundamentals:
USD 3:00PM: FOMC Member Bostic Speaks
                     JOLTS Job Openings
                     FOMC Member Barkin Speaks

Comment: The Nasdaq 100 index extended higher towards the weekend, aiming to challenge the next resistance level at 15,300 – the 127.2% Fibonacci extension. The index formed consecutive higher highs and higher lows since the end of May, marking a bullish trend.

Analysis: SCRUM Team

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