US Futures Rise on Microsoft Strength, Fed Concerns Balanced

Futures are pointing higher, supported by positive sentiment from Microsoft. On the technical side, the RSI stands at 48.7, indicating a neutral zone, while the MACD is just below the signal line but remains positive. Although the price closed below the SMA20, it remains above the SMA50 and has gained 2.2% over the past 24 hours. Short-term upward momentum may continue, but resistance at the SMA20 and Fed concerns could act as limiting factors.

GOOGL shares surged 5.2% in the last close, demonstrating strong momentum. The RSI stands at 58, indicating that the stock has not yet entered overbought territory, leaving room for further upside. The MACD line is above the signal line and in positive territory, generating a short-term buy signal. The Microsoft effect mentioned in the news headline and the easing of Fed concerns are creating a favorable environment for tech stocks. However, the rapid rise over the past 24 hours may trigger some profit-taking in the short term, so the upside expectation is supported with moderate confidence.

Although the news headline is positive, technical indicators do not provide a clear direction in the short term. The RSI is near the oversold zone at 32, suggesting some potential for recovery, but the MACD continues to give a sell signal. The price is trading below both the 20-day and 50-day moving averages, indicating a weak overall trend. Therefore, the likelihood of an upward move in the short term is low, and the market is expected to seek equilibrium.

NDX presents a technically weak outlook as RSI14 approaches oversold territory at 31.1, with a 3.4% decline over the past 24 hours. However, news headlines indicate that a positive catalyst from Microsoft is balancing Fed concerns, reinforcing expectations of a short-term rebound. Although the MACD remains in negative territory, oversold conditions and a favorable news flow increase the index's potential for an upward correction within 1-3 days. While trading below SMA20 and SMA50 signals medium-term pressure, short-term buying on dips can be anticipated. Therefore, the direction is assessed as upward, but with a moderate confidence level.