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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 11490.33 with take profit at 11518.05
Bearish Preference:
Sell position is envisaged if price trades below 11426.35 with take profit at 11387.96
Fundamentals:
2:45pm USD Flash Services PMI
Comment:
The major equity averages closed lower Thursday, with the blue-chip Dow Jones Industrial Average dropping over 100 points or 0.4%, the broad-based S&P 500 fell 0.8%, and the tech-heavy Nasdaq Composite particularly hard hit, down 1.4%.
Analysis: SCRUM Team
