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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 16649.71 with take profit at 16694.79
Bearish Preference:
Sell position is envisaged if price trades below 16593.36 with take profit at 16552.04
Fundamentals:
No major fundamental
Comment: U.S. stocks are seen opening bullish albeit trend not clearly established, The previous week wrapped up with investors focusing on more earnings reports from big-name retailers as well as economic data from the housing sector. That said, NASDAQ remains just slightly above all-time highs, helped by a generally positive quarterly earnings season. More than 90% of the S&P 500 companies have reported in the third quarter, and over 80% of them reported earnings better than expectations, according to Refinitiv.
Analysis: SCRUM Team
