Instrument: US30
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 34402 with take profit at 34469
Bearish Preference:
Sell position is envisaged if price trades below 34326 with take profit at 34267
Fundamentals:
No major Fundamental.
Comment:
Investors were also bracing for a barrage of earnings that will help them assess the impact of the Ukraine war and a spike in inflation on company financials. Wall Street ended the day lower in a choppy trading day on Monday, as investors contrasted Bank of America (NYSE:BAC)’s positive quarterly earnings with surging bond yields ahead of further earnings cues this week.
Analysis: SCRUM Team