Stock futures slightly higher after yesterday’s Fed’s minutes of meeting

The situation of the stock market was slightly bullish before the market opened today. It seems traders continue believing that the era of higher interest-rate will end soon. Despite the situation, yesterday’s Fed’s minutes of the meeting suggest that interest-rate will stay at a high level and no rate-hike will happen in the near future.

At the current time, traders will continue to maintain a bullish bias and use each bearish correction as a chance to add long positions.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index managed to print a new higher swing high in the current bullish attempt and hanging near the high for now. The index might undergo a bearish correction to test the support level before further upside. Traders will make use of the bearish correction as a chance to add more long positions in stocks.

Roblox Corp (RBLX)

RBLX share prices have reclaimed the daily SMA 200 and currently undergo bearish correction to test the breakout level. If the share prices could bounce from the averages then traders could expect the continuation of the bullish trend. Traders could consider entering long positions near the daily SMA 200 on bullish reactions.