Equities Rise as Traders Await This Week's Earnings, Jackson Hole Symposium
Current Outlook: The trend suggests a potential upward movement as long as the price stays above 40,800. However, consolidation is expected between 41,030 and 40,800 until a breakout occurs.
Bullish Scenario: Trading above 40800 will likely support a rise towards 41030 and above it will get 41340.
Bearish Scenario: If the price reverses and stabilizes below the pivot line at 40800, a bearish trend may develop, targeting 40480 and 40320.