U.S. stock index futures edged higher on Thursday, positioning Wall Street to extend gains from the all-time highs reached in the previous session. A subdued inflation report bolstered hopes for interest rate cuts.
Economically, investors are anticipating the release of initial claims for state unemployment benefits at 8:30 a.m. ET, seeking insights into the labor market's strength.
Technically:
The price established a new bullish trend after breaching the breakout zone at 5281 and stabilizing above it with a daily candle. This development supports a further bullish trend, targeting 5357 as the first milestone. Additionally, a retest may occur down to 5299 and, if necessary, to 5281 before continuing the bullish trajectory.
Pivot Line: 5320
Resistance Levels: 5357, 5387, 5435
Support Levels: 5281, 5263, 5227
Today’s expected trading range is between the support 5281 and the resistance 5357.
Economically, investors are anticipating the release of initial claims for state unemployment benefits at 8:30 a.m. ET, seeking insights into the labor market's strength.
Technically:
The price established a new bullish trend after breaching the breakout zone at 5281 and stabilizing above it with a daily candle. This development supports a further bullish trend, targeting 5357 as the first milestone. Additionally, a retest may occur down to 5299 and, if necessary, to 5281 before continuing the bullish trajectory.
Pivot Line: 5320
Resistance Levels: 5357, 5387, 5435
Support Levels: 5281, 5263, 5227
Today’s expected trading range is between the support 5281 and the resistance 5357.
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~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
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