U.S stock futures lower as traders await Putin’s decision

The world is watching Russia – Ukraine conflict as Putin sends troops toward Eastern Ukraine. At the current time, DJIA futures are lower by 62 points. Meanwhile, the UK just announced sanctions toward five Russian banks and three wealthy individuals after Putin decided to send troops to Eastern Ukraine.

Traders and investors will stay cautious under the current situation for now while monitoring the development of the Russia – Ukraine situation.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index continues under bearish pressure below the daily SMA 200. There is no bullish reaction yet and the index might continue moving lower to target the bottom trendline. It seems the trend has switched to bearish from bullish for the short term. If the index prints a lower swing low then traders will prepare for further bearish continuation.

Apple Inc (AAPL)

AAPL share prices managed to bounce from the daily SMA 100 and reached the level near the daily SMA 50. The share prices then consolidate and are currently under bearish pressure. We might see another bearish attempt toward the daily SMA 100 and the trendline. Traders will observe the share prices reaction near both levels for a chance to enter long positions.