USNAS100 (Futures Slip Amid Rate-Cut Uncertainty)
Updated
Futures Slip Amid Rate-Cut Uncertainty
Uncertainty over how long the Federal Reserve will maintain elevated interest rates weighed on U.S. stock index futures on Thursday. Investors remained cautious ahead of crucial economic data that could provide insights into the state of the economy.
Technical Analysis:
As mentioned in the previous analysis, the price dropped. Today, we anticipate the GDP report, which is expected to be bullish for the indices, with a projected growth of 1.2%. However, if the GDP exceeds 1.2%, it could lead to a decline towards 18,550 as the first bearish target.
Conversely, a bullish scenario will be activated if the price stabilizes above 18,820, targeting 18,940.
Uncertainty over how long the Federal Reserve will maintain elevated interest rates weighed on U.S. stock index futures on Thursday. Investors remained cautious ahead of crucial economic data that could provide insights into the state of the economy.
Technical Analysis:
As mentioned in the previous analysis, the price dropped. Today, we anticipate the GDP report, which is expected to be bullish for the indices, with a projected growth of 1.2%. However, if the GDP exceeds 1.2%, it could lead to a decline towards 18,550 as the first bearish target.
Conversely, a bullish scenario will be activated if the price stabilizes above 18,820, targeting 18,940.
- Pivot Line: 18735
- Resistance Levels: 18820, 18940, 19100
- Support Levels: 18550, 18440, 18250
Today's range is expected to be between the support at 18440 and the resistance at 19,100.
previous idea:
Trade closed: target reached
the price dropped and reached our target of about +280 Pip, now will move between 18430 and 18550 till breaking
stability under 18400 means will drop to get 18250
Note
the next movement will be sensitive due to the high pressure of PCE, it is possible to do some retest to up.should break 18435 to be more bearish till 18250
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