Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15648.59 with take profit at 15665.03
Bearish Preference:
Sell position is envisaged if price trades below 15599.21 with take profit at 15589.04.
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
3:00pm USD ISM Manufacturing PMI
Comment: Stocks are going into September on a high, fueled by easy monetary policy from the Federal Reserve and a market still flush with cash. Investors are still on the lookout for a correction this month, given that stocks haven’t had a significant pullback since October 2020
Analysis: SCRUM Team
