Technical Analysis of the US Stock Market

Stock futures indicate a slight decline before the release of US inflation data.

[{"selector":"#anim-673f88cf-646d-494e-9624-121fe0bab0b2","keyframes":{"transform":["translate3d(-115.04703%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fd69e105-d991-4119-85c1-66a459503b20","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4fecba0b-d7bb-4c9a-b723-a810e5f9c593","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

[{"selector":"#anim-2d20a3e7-4978-4aaa-a435-9ab6ac1579db","keyframes":{"transform":["translate3d(114.46540%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7c7772a5-1850-472d-bbf1-ce6995abfabe","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29d337a5-4175-4433-9069-10947f0e908e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] DJIA futures show a decrease of around 89 points, suggesting profit-taking among traders. White Frame Corner

Higher inflation figures might trigger a short-term bearish pullback in the stock market.

[{"selector":"#anim-49a0aa7b-df0d-4d4b-8109-7107e8be3d9e","keyframes":{"transform":["translate3d(-123.57143%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2aeb385b-80d3-44ad-b8e3-d0a51204d55c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-09dbff96-3dc5-42e8-99f0-a8e46ac2f955","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Traders may utilize bearish corrections as opportunities to add more long positions.

[{"selector":"#anim-b0fc65c3-8184-4755-af94-240983cfce4f","keyframes":{"transform":["translate3d(122.53521%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-419ecbe2-0e61-433c-aed3-7a60d4b667af","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dabf8c4d-a215-4745-a215-d81b946cfc04","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Expectations of a bullish trend may arise if the Fed opts to lower interest rates.

[{"selector":"#anim-bb871f71-e76b-4bc0-bf38-b36a0b891c5a","keyframes":{"transform":["translate3d(-118.72909%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9d90b0cb-0dce-411d-94e9-0d0d7918b8c1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fcb0f454-725a-4f46-a28e-7600c4806ee5","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Technical Analysis of Dow Jones Industrial Average (INDU) suggests two consecutive bearish closes on the daily chart.

[{"selector":"#anim-06ba0757-9bc5-47d7-851a-6d2d1a79f25e","keyframes":{"transform":["translate3d(108.21530%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44f918fa-2f2a-49ad-bf41-5b7115da163b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e9e4bd2e-c666-441c-8052-22e90ea1ad32","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

[{"selector":"#anim-da78e24a-9dbd-4727-9e95-e1635f5e9eae","keyframes":{"transform":["translate3d(-115.09434%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f35b4844-d389-4f9f-b3ec-72e5982bfa61","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-05eb378a-4c68-4ac5-b81c-9b72e33fc269","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Traders anticipate a bullish continuation upon a successful bounce from the support level. White Frame Corner

The level between 38,000 and 38,500 becomes crucial during a bearish correction.

[{"selector":"#anim-79ee48d5-b936-458c-9053-52c350fce8fe","keyframes":{"transform":["translate3d(123.57142%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b3b59540-919a-4617-bedf-582ea9b5ff6a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7ed800ac-8197-47ab-b632-715a448d12e4","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

INTC share prices are currently trading lower near the daily SMA 100, signaling a potential bearish breakout.

[{"selector":"#anim-acacfc9e-836c-4ea3-8aa2-f91b216b5d75","keyframes":{"transform":["translate3d(-124.54873%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4f61b5d7-b578-4022-b6b8-ddf3345c8fb8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eb84a362-5590-4ad6-9187-572157dfd1e5","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

Traders will monitor reactions near the daily SMA 100 & 200 for potential entry points and movement towards closing the earnings gap.

[{"selector":"#anim-af9f0ede-acc0-4802-91df-1b2fa49245a8","keyframes":{"transform":["translate3d(105.97825%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-973ddd1a-1c13-475e-8eb9-c538d0fc5a1d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65f63473-e642-416c-95d9-8be7d8d7e1b1","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

0218 Gray Frame Corner Gray Frame Corner Arrow Arrow Learn more