Instrument: US100+
Bullish Preference:
A Buy position is envisaged if the price trades above 17596.23 With Take profit at 17631.46
Bearish Preference:
A Sell position is envisaged if the price trades below 17523.80 with Take profit at 17494.61
Fundamentals:
USD FOMC Meeting Minutes 8:00pm
Comment:
In the lead-up to Nvidia (NASDAQ:NVDA) eagerly anticipated earnings announcement, big tech stocks, including Nvidia, have experienced a downturn. Nvidia, which has seen its value more than triple in 2023, faces high expectations, particularly in its data center business, buoyed by soaring demand and its collaboration with major tech players like Meta Platforms Inc (NASDAQ:META). and Tesla (NASDAQ:TSLA) Inc.
Analysis: SCRUM Team