U.S stock market mostly flat

The market situation mostly sideways today as traders waiting for update on tariff talk between U.S-China. There is CPI data to watch tomorrow and PPI data the day after. Next week, FOMC meeting should trigger more volatility in the market. At the current time, traders will closely observe the market movement for movement with strong momentum. If the market decides to take downturn, then it is a chance for traders to add more long positions.

Dow Jones Industrial Average (INDU)

DJIA index continue hanging near the high before the FOMC meeting. Traders seems pausing before the event and expecting more dovish Fed after recent event where inflation move lower and lower economic data. Traders will continue to monitor the index situation near the current level, it could continue sideways until the monthly close and start moving next month. However, if the index starts a bearish correction, then the 40,000 level is the support level to watch.

Wix.com (WIX)

WIX share prices is currently trading at support area $142.36 – $152.36 and there is bounce reaction. The share prices might attempt to extend the bullish movement toward daily SMA 200 or the $178.65 – $192.00 area. If the share prices could surpass the 192.00 level, then it will confirm double bottom pattern breakout. On the upside, $207.99 will become the resistance level to watch when the patter confirmed.