SPX500 | Futures Steady Ahead of Big Tech Earnings
SPX500 | Futures Steady After Tech-Led Selloff
U.S. stock futures stabilized after technology shares weighed on major indices in the previous session, as investors digested a fresh wave of earnings. Market focus now shifts to Alphabet’s earnings, followed by Amazon, both of which could drive the next major move in equity markets.
With earnings remaining the key catalyst, price action is currently developing around a tight consolidation zone.
Technical Outlook
The index is consolidating between 6942 and 6918, with bearish pressure still present.
A 1H candle close below 6918 would confirm bearish continuation toward 6877, followed by 6800.
On the upside, a sustained move above 6942 would shift momentum bullish toward 6988, with extended resistance near 7010.
Key Levels
Pivot: 6942
Support: 6918 – 6877 – 6800
Resistance: 6988 – 7010