Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 16203.31 with take profit at 16248.23.
Bearish Preference:
Sell position is envisaged if price trades below 16065.31 with take profit at 16017.18.
Fundamentals:
No major Fundamental
Comment: The Nasdaq 100 index jumped on Tuesday as technology stocks rebounded with easing concerns about the Omicron variant, while shares in chip giant Intel rose following plans to take its self-driving-car unit public. Some high-flying technology shares have been battered in recent days as investors priced in an aggressive tightening of U.S. monetary policy despite concerns about the Omicron coronavirus variant.
Analysis: SCRUM Team
