Escalating tensions in Iraq and hawkish comments from St. Louis Fed President James Bullard pressured most U.S. markets last week, although bursts of late-session buying power helped ease the blow.
By the time the closing bell sounded on Friday, the Dow Jones Industrial Average and broader S&P 500 Index were sitting slightly in the red for the week.
However, was the UsaTec, which managed to notch a second consecutive weekly win. Heading into the third quarter.
Expecting upward move to 3,901 on a break of above daily resistance at 3,841.51 (scenario 1) or wait for a pullback at 3,802 (scenario 2).
UsaTec is a CFD written over Nasdaq 100 futures.