U.S stock futures flat as S&P500 reach an all-time high

The U.S stock market might open flat today following the all-time high in S&P500. The market seems shrugging-off coronavirus issue and optimistic that the economy will make recovery. At the current time, traders and investors’ eyes will continue to focus on the second coronavirus bill negotiations.

Meanwhile, U.S dollar index continue moving downward as the market shift away from paper money.

Asian & European Stock market

The Asian stock continues mixed today. Japan stock market up 59.53 points (+0.26%) to 23,110.61, China stock market down 42.96 points (-1.24%) to 3,408.13 and Australia ASX 200 up 44.20 points (+0.72%) to 6,167.60. The European stock market mostly higher. DAX Germany up 0.15%, FTSE UK up 0.09%, Euro STOXX 600 up 0.15%

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA closed lower yesterday but no strong indication of the next direction yet. The index might continue to consolidate near the current level. If the index starts a bearish correction then traders will observe the index reaction near the 27,000 support level.

Expedia Group Inc (EXPE)

EXPE share prices bullish correction has reached the daily SMA 200. We could see a horizontal line around $95.00 which produces bearish rejection in the past. If the share prices could climb above the level, daily SMA 200, and $100.00 handle then we will expect the bullish trend to continue.