S&P 500 Futures Rise on Fed Rate Cut Bets as Powell Speech Looms
Stock Index Futures Edge Higher on Fed Rate Cut Hopes, Powell's Speech in Focus
In yesterday’s session, Wall Street’s major indexes closed higher, with the S&P 500 reaching a 1-month high.
S&P 500 Technical Analysis
The price is currently consolidating between 5,584 and 5,620, awaiting a breakout.
Bullish Scenario:
If the price stabilizes above 5,620, confirmed by a 4-hour candle close, it could rise further toward 5,676.
Bearish Scenario:
If the price remains below 5,620, it could lead to a corrective move down to 5,584.
Key Levels:
- Pivot Line: 5,620
- Resistance Lines: 5642, 5675, 5700
- Support Lines: 5584, 5553, 5525
Today's Expected Trading Range: The price is expected to fluctuate between 5,584 and 5,675.
Trend: Bullish momentum with potential correction.
In yesterday’s session, Wall Street’s major indexes closed higher, with the S&P 500 reaching a 1-month high.
S&P 500 Technical Analysis
The price is currently consolidating between 5,584 and 5,620, awaiting a breakout.
Bullish Scenario:
If the price stabilizes above 5,620, confirmed by a 4-hour candle close, it could rise further toward 5,676.
Bearish Scenario:
If the price remains below 5,620, it could lead to a corrective move down to 5,584.
Key Levels:
- Pivot Line: 5,620
- Resistance Lines: 5642, 5675, 5700
- Support Lines: 5584, 5553, 5525
Today's Expected Trading Range: The price is expected to fluctuate between 5,584 and 5,675.
Trend: Bullish momentum with potential correction.
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~6 analyses per day. With a clear entry point
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SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
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