Stock futures slightly higher after bullish streak

The situation of the stock market is mostly bullish after the previous week’s rate-hike pause. Traders are expecting that the Fed will not raise interest rates and might start lowering rates next year. Despite the current bullish outlook, a bearish correction is imminent and traders will make use of the bearish correction as a chance to add more long positions.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index continues the bullish movement and might reverse the current bearish trend. At the current time, the index has a daily SMA 200 as the support level. If the index could maintain the position above the averages and bounce with strong bullish reactions then the bullish movement could continue.

Halliburton Co Com (HAL)

HAL share prices are back in a bullish trend after the return above the daily SMA 200. It is currently undergoing bearish correction and testing the horizontal line as shown on the chart. If the share prices continue moving lower then the daily SMA 200 will become the next support level to watch.