U.S stock futures mostly under pressure after the presidential debate

DJIA futures lower more than 300 points at the current time as the market weighs negatively on the presidential debate. Short-term volatility is expected to continue at the current time as traders and investors digesting the information from the first debate.

The bearish sentiment might continue shroud the market as there is no major news to watch.

Asian & European Stock market

The Asian stock market mostly lower today. Japan stock market down 353.98 points (-1.50%) to 23.185,12, China stock market down 18.63 points (-0.58%) to 3,205.73 and Australia ASX 200 down 136.20 points (-2.29%) to 5,815.90. European stock market also starts on the negative side, the UK FTSE down 0.51%.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA might be on the path higher after two days bullish close. However, the upward movement might be stopped at the daily SMA 50. At the current time, the index might trade between the daily SMA 50 & 200. If a lower low printed below the daily SMA 200 then traders will prepare for a deeper bearish correction.

Monster Beverage Corp (MNST)

MNST share prices currently undergo bearish correction inside the bearish channel. The share prices might continue lower and reach the support area between $70.00 – $73.00 before it starts a bullish leg. The bearish correction might target the daily SMA 200 also where traders could consider entering long positions.