U.S stock futures under pressure after no progress in Russia – Ukraine talk

DJIA futures down more than 300 points after Russia – Ukraine negotiation shows little to no progress. Traders fleeing from risk assets continue to flock to safe-haven assets. At the current time, traders will continue to observe the development of negotiation and economic releases from the U.S.

Today, ECB announced that they will stay flexible on the policies while monitoring Russia – Ukraine situation. However, the central bank also surprise the market by announcing that they will wind down stimulus sooner than planned.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index managed to print a bullish close yesterday. However, the bullish close is a temporary reaction only and the index will resume its bearish movement today. At the current time, the index futures are lower by more than 300 points. Traders will continue to maintain a bearish outlook and shorting whenever the index hits a resistance level.

Ford Motor Co Com (F)

F share prices at an interesting flection point. It is also near the daily SMA 200 and will wait for further reaction. Traders will expect consolidation near the current level and eventually a major movement with strong momentum away from the levels. Will the share prices start a new bullish trend by bouncing from the level? Alternatively, will it continue the bearish movement below the levels?