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Daily Market Analysis 01/09/2021: US100

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

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