U.S stock market directionless

The stock market situation is currently mixed as U.S. court cancel and block tariff by President Trump. The situation might put an end to the tariff war, but the administration will find a way to work around the decision. At the current time, traders might stay sideline and monitor the development of the situation.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index come under bearish pressure today but mostly sideways near the daily SMA 200. It seems the index will continue the sideways movement for now and there is no change to the latest analysis. If the index trade lower, then 40,000 is the level to watch as support level. On the upside, if the index breakout above daily SMA 200, then traders could expect bullish continuation.

Pony AI, Inc (PONY)

PONY share prices is consolidating after the rally toward $20.00 level. It might continue the bearish retracement toward the 38.2% – 50% Fibonacci Retracement level. Traders could observe the share prices reactions near the area if it manage to reach the area. When there is strong bullish reactions, traders could enter long positions.