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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15125.30 with take profit at 15142.56
Bearish Preference:
Sell position is envisaged if price trades below 15075.68 with take profit 15059.15
Fundamentals:
3:00pm USD JOLTS Job Openings
USD CB Consumer Confidence
Comment:
The Nasdaq has moved to a new session high and in the process is pushing closer to the 50% midpoint of the move down from the all time high. Beyond this factor, major technology and internet stocks have staged a comeback over the past two weeks despite a surge in Treasury yields, signaling an improving earnings outlook is starting to overshadow concerns about a rising interest-rate environment and geopolitical tensions.
Analysis: SCRUM Team
