US30 / Upcoming Earnings Expected to Drive Bullish MomentumFutures Mixed Ahead of Earnings-Heavy Week; Key Economic Data in Focus
U.S. stock index futures were mixed on Monday as investors braced for a week filled with third-quarter earnings reports and critical economic data, which may put stretched stock market valuations to the test.
Technical Outlook: The price has rallied, driven by earnings gains, and remains positioned for further advances in anticipation of upcoming earnings data.
The overall trend is bullish, provided the price trades above 42810 and 42450. A potential retest down to 42450 is possible, contingent on a 4-hour candle closing below 42810.
Key Levels:
Pivot Point: 42810
Resistance Levels: 43025, 43260, 43500
Support Levels: 42610, 42450, 42300
Trend Outlook:
Bearish By breaking 42800
Bullish by stability above 42810
previous idea: