U.S. stock futures lower

The stock market situation looks bearish heading into the CPI data release tomorrow. At the current time, all eyes to the tariff adjustment by President Trump which caused volatile market. The stock market will continue trading with high volatility while traders back to the long-term focus, inflation and interest-rate. In the upcoming data, we might see upward trend in inflation numbers, which might spook the market. However, traders will continue to use the downward movement in the stock market as a chance to accumulate long positions at a lower level.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index halted its drop yesterday and closed inside Friday’s range. The index situation is undecided now as it formed a harami pattern. If the share prices continue the bearish movement, then it might target the daily SMA 200. Meanwhile, if it climbs above the Friday’s high, then there is chance of bullish continuation to target record high.

Unity Software Inc (U)

U share prices has reached the daily SMA 200 and bounced from it in the previous attempt, but no bullish continuation yet. The share prices looks trading near the daily SMA 200 again and will test it. Traders will continue to accumulate long positions near the averages with stop below $17.00.