Instrument: US30
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 34210 with take profit at 34291.
Bearish Preference:
A sell position is envisaged if the price trades below 34041 with take profit at 33979.
Fundamentals:
3:00pm USD JOLTS Job Openings
Comment:
U.S. stocks are seen opening in a subdued fashion Tuesday, with investors awaiting the start of the Federal Reserve two-day policy meeting as well as the release of more jobs data and corporate earnings. The Dow futures contract was down 60 points, or 0.2%, S&P 500 futures traded 6 points, or 0.1% lower. The main indices closed largely unchanged Monday, as the news that JPMorgan Chase (NYSE:JPM) had agreed to buy the deposits and most of the assets of First Republic Bank (NYSE:FRC) calmed a lot of the nerves surrounding the sector after a tense weekend.
Source: investing.com