U.S. Index Futures Eye Key Pivot Ahead of Election

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U.S. Index Futures Eye Key Pivot Ahead of Election

U.S. stock index futures surged on Monday, poised to recoup some losses from a turbulent trading week as investors prepared for key corporate earnings and the final phase before the Nov. 5 presidential election.

Technical Analysis:
After pulling back from the Support zone around 5803, the price will touch the 5863 and then will drop again by stability under it.

If the price holds below the Resistance line, it could drop to 5803.
Breaks the liquidity Zone which is between 5863 and 5891 it could push up toward 5939

Watch for confirmation at the liquidity zone for a bullish breakout or breakdown from the support line for further downside movement.

Key Levels:
Pivot Point: 5863
Resistance Levels: 5891, 5939
Support Levels: 5825, 5803, 5781

Trend Outlook:
Bearish below 5863
Bullish above 5863

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Technical Analysis:
The price dropped and stabilized at the bearish zone to touch 5803 as we mentioned previously.

so now will try to get 5803 and then should break 5803 to touch 5781.
Breaking 5863 will support bullish toward 5891

Key Levels:
Pivot Point: 5824
Resistance Levels: 5863, 5891, 5939
Support Levels: 5803, 5781, 5732

Trend Outlook:
Bearish below 5863
Bullish above 5863