Stock futures are slightly lower ahead of the U.S. job data

The release of U.S. job data today will become the main focus of the market. After the job data, traders will shift their focus on the interest-rate decision next week. At the current time, the bullish sentiment continues building up, and no major bearish sentiment. Traders will assume a bearish correction might happen and traders could use it as a chance to add more long positions.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index continues trading sideway near the top as traders await the release of U.S. job data and next week’s FOMC meeting. It seems the market will attempt to bring the index further upside with or without a bearish correction. Traders will continue to use each bearish correction in the index as a chance to add long positions in stocks.

American Express Co (AXP)

AXP share prices have returned above the daily SMA 200 and tested the bearish trendline. The share prices got rejected and started a bearish correction. If the downward movement continues then it will target the daily SMA 200. Traders could wait near the averages for a chance to add long positions.