Instrument: US100
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 13246.82 with take profit at 13283.78.
Bearish Preference:
A sell position is envisaged if the price trades below price 13174.15 with take profit at 13138.42.
Fundamentals:
1:30pm
USD
Core PCE Price Index m/m
Employment Cost Index q/q
Comment:
The eye-popping outperformance of the U.S. digital and technology giants this year helps explain the slightly puzzling levity of stock markets amid all the recession handwringing – not least because these mega caps dominate the major indexes and pop up in almost every investment bucket.
Analysis: SCRUM Team