Futures Flat Ahead of PCE Data and Nvidia Earnings

U.S. stock futures were little changed as investors awaited key inflation data and a major tech company's earnings report. S&P 500 and Nasdaq futures were nearly flat, with the market focused on these developments for direction. Investors are closely watching the release of the core PCE price index and Nvidia's financial results. These data points are critical for both the inflation outlook and the sustainability of the AI-driven stock rally. Market participants will also reassess their expectations for Fed policy following this week's data flow. Nvidia's earnings, in particular, could be decisive for the overall performance of the technology sector. The calm start in futures suggests a cautious stance among investors. This is not investment advice.

📊 NVDA — Piyasa Yorumu

■ neutral · 60%

Futures trading sideways ahead of the PCE data and Nvidia earnings indicates a cautious market stance. On the technical indicators, the RSI at 47.8 is in neutral territory, while the MACD is negative but approaching its signal line, suggesting a weak momentum recovery. The price is just above the 20-day moving average (212.19) but below the 50-day average (217.12), reflecting a short-term search for balance. The 1.8% decline over the last 24 hours, combined with uncertainty in the news flow, does not provide a clear directional signal. Therefore, over a 1-3 day horizon, the price is expected to remain within the current range and determine direction following the critical news releases.

RSI 14

47.8

MACD

-1.38

24h Δ

-1.82%

📊 SPX — Piyasa Yorumu

■ neutral · 60%

Futures trading sideways ahead of the PCE data and Nvidia earnings indicates a cautious stance in the market. Technical indicators support this cautious outlook: the RSI is balanced at the 50 level, and the MACD is in negative territory but approaching its signal line. The price is just above the 20-day moving average and slightly below the 50-day average, pointing to short-term direction uncertainty. Therefore, the SPX is expected to remain within its current range until significant data and corporate news are released.

RSI 14

50.3

MACD

-5.92

24h Δ

0.28%

📊 NDX — Piyasa Yorumu

■ neutral · 60%

Futures trading sideways ahead of the PCE data and Nvidia earnings indicates a cautious market stance. The NDX index is trading just above its 20-day moving average, with the RSI at 48, in neutral territory. The MACD is negative but approaching the signal line, suggesting weak momentum yet reduced downside pressure. In the short term, the PCE data and Nvidia's announcements will be decisive, making it difficult to predict a clear direction for today. The current technical outlook shows the index consolidating within the 29,200-29,400 range, awaiting a catalyst for a breakout.

RSI 14

48.4

MACD

-58.48

24h Δ

0.20%

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