Instrument: US500+
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 3949.8 with take profit at 3961.0
Bearish Preference:
A Sell position is envisaged if the price trades below 3935.9 with take profit at 3925.9
Fundamentals:
2:30pm USD Unemployment Claims
Comment:
After a weak performance in February, Wall Street indexes began March on a volatile note as fresh evidence of persistent price pressures and comments from Federal Reserve policymakers fueled worries about the U.S. central bank staying hawkish for longer.
Analysis: SCRUM Team
