Instrument: US500
Bullish Preference:
A buy position is envisaged if the price trades above 4571.9 with take profit at 4576.3.
Bearish Preference:
A sell position is envisaged if the price trades below 4554.6 with take profit at 4549.7.
Fundamentals:
2:45pm
USD Flash Manufacturing PMI
USD Flash Services PMI
Comment:
U.S. stocks were trading in a mixed fashion during Sunday’s evening deals, following a similarly mixed week amongst major benchmark averages as market participants processed a slew of quarterly earnings results from major companies. In the week ahead, investors will be looking towards a key interest rate decision and statement from U.S. Federal Reserve policymakers amid expectations of a 25 basis point hike.
Analysis: SCRUM Team