Stock futures were flat on Wednesday’s trading session

The stock market attempted to continue the gain which happen last week after debt-ceiling negotiations reached a breakthrough. However, the market situation seems uncertain as traders focus on releases of economic data. At the end of this week, traders will monitor the release of job data.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index has not yet broken out from the daily SMA 200 and trendline range. The index will continue consolidating inside the area and traders will wait for the close outside of the range to confirm the next direction. Despite the situation, we think the index will continue the long-term bullish trend or start a new one in 1 year.

World Wrestling Entertainment (WWE)

WWE share prices continue printing a new higher high and higher low. At the current time, the share prices undergo a bearish correction and reached the daily SMA 50. Traders will monitor the share prices reactions near the current level. If the share prices continue moving lower then traders will wait near the horizontal line or the daily SMA 100 for chance to enter more long positions.