Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13992.24 with take profit at 14023.39
Bearish Preference:
Sell position is envisaged if price trades below 13915.47 with take profit at 13884.19
Fundamentals:
US 1:30PM CPI m/m
US 1:30PM Core CPI m/m
Comment:
The Nasdaq 100 Index continues to get crushed as US Treasury yields march higher. Since flirting with 15200 just last week, Nasdaq 100 futures now firmly stare sub-14k handles in the face. After balancing for the second half of last week, the march lower recommenced during the APAC session on Monday. NQ now sits vulnerably above the 14000 handle, with no sign of a turnaround in sight.
Analysis: SCRUM Team
