S&P 500 IndexShort
S&P 500 Outlook: CPI Data and Earnings to Shape Market Direction
S&P 500 Analysis: Pre-Bell Outlook
Earnings, CPI Expectations Lift Wall Street Futures; Asia Mixed, Europe Gains
Wall Street futures edged moderately higher in pre-market trading on Wednesday as investors positioned themselves ahead of the release of the December Consumer Price Index (CPI) report from Washington and the kickoff of the fourth-quarter earnings season.
The CPI report, set to be released today, could provide critical insights into the Federal Reserve's monetary policy outlook.
Technical Outlook
The S&P 500 is likely to remain under pressure as long as the price trades below 5863. In such a scenario, a decline toward 5829 and 5781 is anticipated, especially if the CPI data comes in at 2.9% or higher.
Conversely, if the CPI data is below 2.8%, it could support a bullish momentum, with the index potentially rising toward 5937.
Earnings, CPI Expectations Lift Wall Street Futures; Asia Mixed, Europe Gains
Wall Street futures edged moderately higher in pre-market trading on Wednesday as investors positioned themselves ahead of the release of the December Consumer Price Index (CPI) report from Washington and the kickoff of the fourth-quarter earnings season.
The CPI report, set to be released today, could provide critical insights into the Federal Reserve's monetary policy outlook.
Technical Outlook
The S&P 500 is likely to remain under pressure as long as the price trades below 5863. In such a scenario, a decline toward 5829 and 5781 is anticipated, especially if the CPI data comes in at 2.9% or higher.
Conversely, if the CPI data is below 2.8%, it could support a bullish momentum, with the index potentially rising toward 5937.
- Key Levels
Pivot Point: 5863
Resistance Levels: 5888, 5937, 5969
Support Levels: 5830, 5802, 5781 - Trend Outlook
Bearish trend while trading below 5863.
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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 ⚡️:
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my free signals channel telegram
t.me/Srosh_signals
~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 ⚡️:
t.me/SM_News_24h
t.me/Srosh_signals
~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 ⚡️:
t.me/SM_News_24h
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