Upbeat moods seen on Wall Street yesterday and in Europe today hint that investors do not seem to be concerned about acceleration in US price growth. Nasdaq-100 futures (US100) are trading around 0.2% higher on the day. US tech index trades at the highest level since April 29 and around 0.5% below its all-time highs. Moreover, should the H4 candlestick close near current levels, a bullish engulfing pattern may surface on the chart. Other US indices, like for example S&P 500, reached record levels yesterday.
US100 extends gains and looks towards all-time highs from April. Source: xStation5
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