US30 Futures Remain Under Pressure as Investors Eye Bank EarningDow and S&P 500 futures remained stable on Wednesday, while Nasdaq 100 futures experienced a slight uptick after a selloff in tech and oil stocks during the previous session. Investors are closely monitoring the quarterly earnings releases from Morgan Stanley and other major banks.
Technical Outlook:
The price has retreated from its all-time high of 43,200, maintaining a downtrend for US30 companies. Today’s market will be particularly sensitive, as earnings announcements are anticipated.
As long as the price remains below 42,820, a decline towards 42,600 and 42,450 is likely. Alternatively, if a 1-hour or 4-hour candle closes above 42,820, stabilization may drive the price up towards 43,025 and 43,200.
Key Levels:
Pivot Point: 42820
Resistance Levels: 43025, 43260, 43500
Support Levels: 42610, 42450, 42300
Trend Outlook:
Bearish By stability below 42820
Bullish by stability above 42820
previous idea: