U.S stock futures mostly flat ahead of major earnings releases

The stock market maintains the positions near the high and currently trading flat before the opening bell. Traders and investors are awaiting the release of major earnings results today. GOOG and TSLA are set to report earnings after the market close. Despite the major earnings releases, traders will expect the stock market to trade flat ahead of next week’s FOMC meeting.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index continues the bearish correction and soon will test the previously broken swing high. The index might consolidate near the current level and wait for further reactions. Traders might expect volatile movement nearing next week’s FOMC meeting. If the index bounces upward with strong bullish pressure, the trend will continue.

Amazon Inc (AMZN)

AMZN share prices are bullish and are currently undergoing a bearish correction. The share prices are trading near the daily SMA 100 and traders will monitor the reactions. If the share prices could bounce with strong upward pressure then the bullish trend could continue. On the other hand, if the bearish movement continues then traders will expect AMZN to target $170.00 or the daily SMA 200.