Market Overview
U.S. equity futures are slightly up on Monday as investors await critical inflation data expected this week, following a volatile market that nearly recovered from recent sell-offs.
Key Economic Data
Investors are eyeing the Producer Price Index (PPI) on Tuesday and the Consumer Price Index (CPI) on Wednesday for insights into inflation trends. Additionally, July retail sales data on Thursday will shed light on consumer spending patterns.
Technical Analysis
E-mini S&P 500 Index futures are approaching a key pivot at 5360.50. A sustained move above this level could drive a surge towards the 50-day moving average at 5503.75. Failure to hold 5360.50 may trigger a pullback towards 5239.75.
Trading Strategy
Stay cautious ahead of the inflation reports. A break above 5360.50 suggests bullish momentum, while a drop below could signal renewed selling pressure.
