Stock futures are slightly lower, indicating further weakness after two day’s drop

The stock market sentiment shows a bearish outlook after the release of the FOMC minutes of the meeting. In the minutes of the meeting, there is a higher urgency tone to raise interest-rate and shrink the balance sheet. A 50-point interest-rate hike might be considered in the coming Fed interest-rate decision.

At the current time, DJIA futures are trading lower than 60 points and indicate a weak opening. Traders might want to prepare for a deeper bearish movement in the short term.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index futures were slightly lower before the opening. It seems the bearish movement after the rejection from daily SMA 200 will continue. Traders might want to avoid long positions in shares for now and wait for a close above the daily SMA 200 to confirm a bullish reversal. The consolidation near the daily SMA 200 shows a bearish advantage and a breakout below the daily SMA 50 will confirm a further bearish scenario.

Northern Dynasty Minerals LTD Com (NAK)

NAT share prices have traded in a bearish trend for nearly 1 year. The share prices look climbed above the daily SMA 200 and maintain the position above it. If the share prices could build strong bullish pressure from the current level then the bullish trend is set to continue. Traders could use the cluster of averages as levels to enter long positions.