U.S stock futures on bullish path after CPI data

The latest release of inflation numbers show falling trend which confirm further upside in the stock market. Tariff war situation also near resolution as China and U.S. agree to lower the tariff for 90 days. If the Fed confirm a rate-cut, then the market will turn more bullish. However, traders will bear in mind, 90 days after the pause we might see some real confirmation whether the tariff war will continue or resolved. Under current situation, traders will keep bullish outlook on the market.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index continue the bullish movement and has closed the upside gap. The index has not shown any major bearish reactions and the global market situation turned positive. It seems the index has confirmed a double bottom pattern and now has the chance to continue the bullish trend. If the index makes a bearish pullback, then traders could wait near the double bottom pattern neckline for bullish reactions to add long positions in stocks.

Coca Cola Company (KO)

KO share prices looks forming an ascending triangle pattern where it might continue the bullish trend to print new higher swing high. If the share prices pushed lower toward the daily SMA 200 and the trend line, then traders could add long positions near both levels. On the upside, when a bullish breakout happens, traders could wait for pullback toward the breakout point to enter more long positions.