U.S stock futures rise before the market open on the last day of the month

The global stock market mostly trading mixed today before the end of September. The overall performance is bearish and in line with the historical record. However, the DJIA index is trading upward 150 points at the current time. We might see the index closed lower on the monthly timeframe but today’s reaction might erase part of the losses.

Next month, traders will prepare for another volatile month as the market waiting for the Fed’s stance on tapering. Inflation and bottleneck in the supply chain could cause further sell-off but traders will be hopeful that the problem will be solved soon.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index got rejected from the daily SMA 50 & 100 and might be set to resume the bearish movement. On the lower side, the index might retest the horizontal level or the daily SMA 200. Traders will continue to observe the index reaction near both support levels.

First Solar Inc (FSLR)

FSLR share prices trading between the two trendlines shown on the daily chart. It shows a reaction near the daily SMA 200 and currently trading near the daily SMA 50. Traders could use the trendline and the averages for places to enter long positions on bullish reactions.