Fundamentals:

• Trade Talks / Trade Wars Uncertainties
• The FED Monetary Policy Meeting And Rate Decision July
• Latest NFP and Job Reports reduce the expectations of rate cut circle. “One and done” 25bp cut  may add weight on indices

Technically:

NAS100 is trading 7744 as of writing.

After completing Inverse Head And Shoulders pattern at 7600, the first structural target of the pattern was hit at 7880.

Friday’s NFP added weight on indices and stock markets.

Rising Wedge is broken at 7740.

Selling pressure remains on the Index as long as it stays below 7830.

Targets: 7690 7650 7600

If it breaks below 7600, it is likely to test 7500.

Bullish Cypher at 7500 can be used as a buying opportunity

(Click on image to enlarge)