Interest Rates and Economic Reports Boost Wall Street Futures; Asia and Europe Higher
Wall Street futures edged higher in pre-market trading on Monday, supported by easing interest rates and a focus on key economic reports scheduled for the week. While the earnings calendar remains light, the market's attention is shifting toward fundamental economic data, shaping investor sentiment.
S&P 500 Technical Analysis
The price will try to touch 6022 and then will drop to touch 5970 if it can stabilize below 6022.
Bullish Scenario: A decisive breakout above 6022, confirmed by a 4-hour candle close, would signal bullish momentum, with potential targets at 6068.
Bearish Scenario: Sustained trading below 5970 could pave the way for further downside targets at 5932 and 5896.
Key Levels:
Pivot Point: 5998
Resistance Levels: 6022, 6068
Support Levels: 5972, 5932, 5896