Stock futures climbing on the prospect of the Fed done on rising interest-rate

Bullish sentiment spread across the market after the Fed decided to halt interest rates and told the market that the Fed would stay cautious. It seems the interest rate might finally peak and the Fed might start a rate cut next year. Traders will continue to monitor the situation for now and continue accumulating long positions when bearish movement happens.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index is in a bullish corrective movement to target the daily SMA 200. It could lose the upward pressure anytime and resume the bearish movement. If the index could continue moving upward and close above the daily SMA 200 then there is a chance of a bullish reversal for the short-medium term.

Humana Inc (HUM)

HUM share prices fell sharply after the earnings results. The share prices closed near the bullish trendline and the daily SMA 200. If the bearish pressure receded and there were bullish reactions then traders could enter long positions. However, if the bearish pressure continues to mount and the share prices break below the trendline and daily SMA 200 then the bearish movement could continue.