DJIA futures are up 150 points at the end of the month

The situation of the stock market looks bullish and is set to extend its bullish streak to the fifth day. Traders are awaiting the release of job data tomorrow which might give a clue on the market directions before the Fed interest-rate decision. If the number comes out weaker than expected then it means the economy is slowing and might become a confirmation that the Fed will stop raising interest-rate.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index continues the bullish movement but looks losing the upward pressure. The index seems stumbling upon a 35,000 resistance level and might stick near it. If it could continue the bullish movement and print another higher high then the long-term bullish trend could continue. Meanwhile, the index might consolidate near the daily SMA 50 & 100 too nearing the Fed’s interest-rate decision.

Roku Inc (ROKU)

ROKU share prices turned lower toward the daily SMA 50. It is currently consolidating near the averages and waiting for further reactions. If the share prices could continue moving upward with strong bullish momentum then the bullish trend could continue. Aside from the daily SMA 50, there is a bullish trendline traders could watch too for bullish reactions.