U.S. stock futures are mostly flat

The stock market enjoyed a bullish movement after lower inflation numbers and a higher chance of the Fed interest-rate cut. At the current time, the stock market sitting not far from the record high and might reach a new high soon. Traders will continue holding bullish views in the stock market for now especially nearing the next FOMC meeting. Whenever a major bearish turn happens, it is a chance for traders to continue adding long positions this year.

Technical Analysis

Dow Jones Industrial Average (INDU)

The DJIA index climbing steadily and soon will reach a record high. There is no change to the bullish movement of the index yet and traders better continue to stick with long positions. When the index starts another bearish correction, traders could use it as a chance to add more long positions at the support level. 40,000 will become the major support level to watch.

Emerson Electric Company (EMR)

EMR share prices currently undergoing bearish pressure and have fallen toward the daily SMA 200. The share prices look trading near the averages and will attempt to bounce from it. If the share prices could bounce upward with strong bullish momentum, it will resume the bullish trend. However, the current bearish movement might have printed a lower swing low which might wait for the formation of a lower swing high. On the upside, the share prices need to print a higher swing high to confirm continuing the bullish trend.