Futures Slide as Amazon and Intel Forecasts Disappoint; Jobs Data Awaited
U.S. index futures fell sharply on Friday following downbeat forecasts from Amazon and Intel. Investors are now awaiting a crucial jobs report for further insights into the labor market amid ongoing concerns over an economic slowdown.
S&P 500 Analysis: Downside !!!
The S&P 500 dropped sharply as noted yesterday and continues to trend bearish.
Bullish Scenario: For a shift to a bullish trend, the price needs to stabilize above 5,409, potentially reaching 5,438 and 5,460.
Bearish Scenario: If trading continues below 5,409, the price is expected to drop to 5,372 and 5,345.
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