Instrument: US100
Bullish Preference:
Buy position is envisaged if price trades above 14351.59 with take profit at 14379.20.
Bearish Preference:
Sell position is envisaged if price trades below 14257.62 with take profit at 14218.63
Fundamentals:
1:30pm
USD Core PCE Price Index m/m
3:00pm
USD Revised UoM Consumer Sentiment
Comment:
Third quarter reporting season has shifted into overdrive and is nearing its halfway point, with nearly a third of the companies slated to post results this week.
A swath of robust data included a 4.9% quarterly annualized jump in third-quarter GDP, the strongest reading in nearly two years, feeding investor worries about restrictive Fed policy.
Analysis: SCRUM Team