Nvidia Reports on the Horizon, Wall Street Gains Pre-Bell; Asian and European Markets Up
Wall Street futures indicated a slight rise pre-bell Monday as traders processed the final stages of the earnings season.
Nvidia (
NVDA
) is scheduled to announce its earnings after the market closes on Wednesday. This week will also see financial results from Lowe's (
LOW
), PDD (
PDD
), and Intuit (
INTU
).
On Wednesday afternoon, the US Federal Reserve will publish minutes from its most recent policy meeting.
Wix.com (
WIX
) shares increased by 7.8% pre-bell following the company’s report of higher Q1 adjusted earnings and revenue.
In futures trading, the S&P 500 increased by 0.1%, the Nasdaq rose by 0.2%, and the Dow Jones remained steady.
Overnight, Asian markets mostly traded higher, while European stocks turned positive by midday.
Technically :
The Dow Jones has reached a new all-time high.
Stability above 40005 suggests the bullish trend will continue towards 40130 and 40420. Conversely, if the price stabilizes below 40005, it is likely to drop to 39790.
Pivot line: 40005
Resistance Prices: 40130, 40420, 40730
Support Prices: 39820, 39540, 39360
The movement range will be between support 39790 and Resistance 40420
Wall Street futures indicated a slight rise pre-bell Monday as traders processed the final stages of the earnings season.
Nvidia (
NVDA
) is scheduled to announce its earnings after the market closes on Wednesday. This week will also see financial results from Lowe's (
LOW
), PDD (
PDD
), and Intuit (
INTU
). On Wednesday afternoon, the US Federal Reserve will publish minutes from its most recent policy meeting.
Wix.com (
WIX
) shares increased by 7.8% pre-bell following the company’s report of higher Q1 adjusted earnings and revenue. In futures trading, the S&P 500 increased by 0.1%, the Nasdaq rose by 0.2%, and the Dow Jones remained steady.
Overnight, Asian markets mostly traded higher, while European stocks turned positive by midday.
Technically :
The Dow Jones has reached a new all-time high.
Stability above 40005 suggests the bullish trend will continue towards 40130 and 40420. Conversely, if the price stabilizes below 40005, it is likely to drop to 39790.
Pivot line: 40005
Resistance Prices: 40130, 40420, 40730
Support Prices: 39820, 39540, 39360
The movement range will be between support 39790 and Resistance 40420
Trade active:
The price did its correction and reached the support line which is 39790, so now should break that to continue the bearish trend till 39570 as long as trades under 39790,
otherwise, stability above it means will touch 40005
otherwise, stability above it means will touch 40005
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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
