Futures Rise as Markets Focus on Powell’s Jackson Hole Speech

Futures Climb as Investors Eye Powell’s Jackson Hole Speech

U.S. stock index futures rose on Friday, with market participants eagerly awaiting Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole Economic Symposium. Investors are looking for hints regarding future interest rate cuts in the world’s largest economy.

Current Technical Outlook:
The price action suggests a potential move towards 41,030 if it can stabilize above 40,860. Conversely, sustained trading below 40,800 may signal the start of a bearish trend.

Bullish Scenario:
If the price holds above 40,850, it could drive gains toward 41,030. Further momentum might extend the rally to 41,345.

Bearish Scenario:
A reversal and stabilization below the pivot line at 40,800 could trigger a bearish trend, with downside targets at 40,480 and 40,320.

Key Levels:
Pivot Line: 40,850
Resistance Levels: 41030, 41345, 41600
Support Levels: 40660, 40470, 40320

Expected Trading Range Today:
The price is likely to fluctuate between support at 40,320 and resistance at 41,170.