Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 11158.21 with take profit at 11181.16
Bearish Preference:
Sell position is envisaged if price trades below 11048.88 with take profit at 11025.93
Fundamentals:
1:30pm USD Core PCE Price Index m/m
Comment:
Megacap stocks slide in premarket trading on Wednesday after disappointing quarterly updates from Alphabet (NASDAQ:GOOGL) and Microsoft Corp (NASDAQ:MSFT), set to wipe off about $295 billion in market value from the biggest US companies.
Analysis: SCRUM team