The Dow E-mini last traded at 44,951. Resistance sits at 45,234, 45,885, and 46,326. Support rests at 44,423 and 43,973, with the 200-day at 43,596 and 50-day at 43,567.6.
Outlook
Momentum remains bullish into the final session of the week, with equities extending gains on strong earnings and supportive trade news. The path to new highs has been led by megacaps, but traders are increasingly focused on whether breadth can improve to sustain the rally.
Today’s durable goods print may briefly influence rate-sensitive sectors, but traders are positioning for next week’s FOMC decision, where the Fed is expected to hold rates steady. However, the tone of the statement and Powell’s press conference could shift rate path expectations into Q4.
Headline risk from potential new trade announcements ahead of the Aug. 1 tariff deadline also looms. With volatility suppressed and indexes extended, traders should stay tactical—watching for sector rotation, rising resistance zones, and potential news-driven reversals into month-end.
More Information in our Economic Calendar.
