Dow Futures slumped by 0.63% to 33,536.66, while S&P 500 rose 0.7% at the time of writing.
In Tuesday’s trading session market participants will be focused on the Quarterly result of Goldman Sachs, market session participants will be looking ahead to retail sales, fresh jobless claims, and import price data
On Tuesday US stocks are seen moving in the down direction, extending losses made on Friday, as investors have an eye on the federal interest rate for further central bank aggressiveness and whether these policies would trigger an economic slowdown
US stocks futures rise during Friday evening deals, US major indices bouncing back on that day after an inflation report published by Federal Reserve
The Dow Jones Industrial Average was up by about 0.40% to 30,801.05. S&P 500 was roughly down by 2.50% at the end of day price was 3,639.66. Nasdaq 11 futures rose 0.4% at 11,816.20
The three major weaker note seems at the end of the month which began as a strong month i.e., Dow Jones AUGUST down 4.80%, and the S&P 500, and Nasdaq posted losses of nearly 2.80% and 4.6%, respectively, the 52 weeks range is 3,636.87-4,818.62
LONG-TERM TECHNICAL ANALYSIS ON Dow Jones Index
This daily chart indicates that Dow Jones was trading in a downward channel, and Dow Jones was trading in a down channel before there is an Upside breakout. Currently, it is trading above all SMA except MA (50), and RSI is in the neutral zone which indicates neutralness. MACD is currently below zero which indicates bearishness.