Stock futures maintain bullish pressure before the market open

The stock market is set to open higher in today’s trading session and might end the week on the bullish side. Companies’ earnings releases will become the main driver of the current movement. Also, traders will prepare for the upcoming Fed’s interest-rate decision. If the stock market turns lower then traders could use the chance to add more long positions in stocks. Next week’s interest-rate decision could alter the sentiment for the rest of the year.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index continues moving up and prints a new higher high. There is no stop to the bullish pressure yet and the index will keep printing new higher highs. If a bearish correction happens then traders will use the chance to enter more long positions in stocks. On the lower side, the level around 34,500 might become the major support level to watch when a bearish correction happens.

Accenture PLC Com (ACN)

ACN share prices bullish attempt failed to print a new higher swing high and currently it is under bearish pressure. The bearish movement might reach the daily SMA 50 and the horizontal level around $300.00. Traders will observe the share price reactions near both levels. If there is a major bullish bounce from the levels then traders could consider entering long positions. Meanwhile, if the share prices pushed lower and print a new lower low then the bearish trend will continue.