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Stock Futures Stabilize as Fed Signals Cautious Optimism![]() E-mini S&P (March) / E-mini NQ (March) S&P, yesterday’s close: Settled at 6067.50, down 29.50 NQ, yesterday’s close: Settled at 21,523.25, down 58.50 The Federal Reserve’s statement yesterday was perceived as hawkish, dropping language detailing a disinflationary trend. Rates rose, and stocks slipped. However, in his press conference, Fed Chair Powell said, “We seem to be set up for further progress on disinflation,” reinvigorating the risk environment. Earnings after the bell were mixed, MSFT and NOW are lower, but TSLA and META are higher. AAPL reports after the bell today. E-mini S&P and E-mini NQ futures have firmed overnight, retesting the failed highs ahead of yesterday’s session. Solid volume through yesterday’s session helps establish a floor of support in which we now view a line in the sand for continued upside. The first wave of major three-star support comes in at 6061.50-6067.50 in the E-mini S&P and 21,523-21,594 in the E-mini NQ. A further line in the sand comes in at… Want to keep up with the market? Subscribe to our daily Morning Express for essential insights into stocks and equities, including the S&P 500, NASDAQ, and more. Get expert technical analysis, proprietary trading levels, and actionable market bias delivered straight to your inbox. Sign Up for Free Futures Market Research – Blue Line Futures Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
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