The futures on US stock indexes have been bullish today. Investors are anticipating Ben Bernanke’s Jackson Hole speech in effort to understand whether the Federal Reserve is going to implement further economic stimuli.
The September Dow Jones Industrial Average futures contract has strengthened by 0,84% up to 13091 points. The Standard & Poor's 500 futures contract is seeing a 0,85% increase up to 1409 points. The Nasdaq-100 futures contract has appreciated by 0,98 % up to 2780,75 points.
The chart below, courtesy of , reflects the current state of affairs in the market of Dow Jones Industrial Average. The experts say the downtrend is probably about to be suspended. In terms of wave analysis, the price is forming wave 5 of [c] inside the 3-wave pattern of a bigger wave level.
