U.S stock market mixed

The situation of stock market looks bullish for DJIA index, but not with two others. The Fed’s Waller mentioned rate-cut as early as July. Meanwhile, Trump delay decision whether U.S. will involve directly on Israel-Iran conflict. It seems the ranging situation will continue for now in the major indices, traders will stay cautious for now and monitor the conflict development.

Dow Jones Industrial Average (INDU)

DJIA index mostly sideways near the daily SMA 200 and there is no change to the situation. The index is expected to continue the ranging movement this month. Even though there is escalation of tension between Israel-Iran, it looks like traders decide to wait and see. We expect some pullback toward 40,000 before further upside.

Amer Sports, Inc (AS)

AS share prices gapped up and looks stalled near the high. It might start a bearish correction to close the gap and bounce upward to continue the bullish trend. It also could immediately continue the bullish trend and target $44.32 and $46.41 level. At the current time, traders will wait for pullback to enter long positions.