US stock futures edged lower on Friday as investors braced for the April PCE price index report, the Federal Reserve's preferred inflation gauge.
Technical Analyse: The price dropped by approximately 0.27% from yesterday and reached our target, as mentioned in the previous analysis.
For today, the price is expected to move between 5240 and 5220 until a breakout occurs. Bearish pressure remains, and stability below 5220 will likely support a further decline to 5192, with 5168 as the next target. Conversely, stability above 5240 will suggest an attempt to reach 5260.
Pivot Line: 5226
Resistance Levels: 5260, 5284, 5320
Support Levels: 5193, 5168, 5114
Today’s expected trading range is between the support at 5168 and the resistance at 5262.
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