SPX500 | Futures Rise on Intel Boost Ahead of CPI Data 📊
Wall Street futures edged higher on Friday, lifted by strong Intel earnings, as investors await a crucial U.S. inflation report (CPI) that could influence the likelihood of a December rate cut.
Technically, the SPX500 maintains a bullish structure, with potential to extend gains toward 6,792 → 6,838, especially if CPI data comes in below or in line with expectations.
However, if inflation prints higher than expected, the index could face bearish pressure toward 6,720 → 6,670.
Pivot Line: 6,770
Resistance: 6,792 – 6,838
Support: 6,720 – 6,670
Wall Street futures edged higher on Friday, lifted by strong Intel earnings, as investors await a crucial U.S. inflation report (CPI) that could influence the likelihood of a December rate cut.
Technically, the SPX500 maintains a bullish structure, with potential to extend gains toward 6,792 → 6,838, especially if CPI data comes in below or in line with expectations.
However, if inflation prints higher than expected, the index could face bearish pressure toward 6,720 → 6,670.
Pivot Line: 6,770
Resistance: 6,792 – 6,838
Support: 6,720 – 6,670
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.