SP500 (Bullish Continuation)

U.S. stock index futures edged higher on Thursday, positioning Wall Street to extend gains from the all-time highs reached in the previous session. A subdued inflation report bolstered hopes for interest rate cuts.

Economically, investors are anticipating the release of initial claims for state unemployment benefits at 8:30 a.m. ET, seeking insights into the labor market's strength.

Technically:
The price established a new bullish trend after breaching the breakout zone at 5281 and stabilizing above it with a daily candle. This development supports a further bullish trend, targeting 5357 as the first milestone. Additionally, a retest may occur down to 5299 and, if necessary, to 5281 before continuing the bullish trajectory.

Pivot Line: 5320
Resistance Levels: 5357, 5387, 5435
Support Levels: 5281, 5263, 5227

Today’s expected trading range is between the support 5281 and the resistance 5357.