The main U.S. stock market indexes currently lose between 0.2% and 0.4%, as investors remain uncertain following some recent economic data announcements. The S&P 500 index bounced off the resistance at 1,800. On the other hand, the support is at around 1,770-1,775. The market seems to be stuck between these two levels. The S&P 500 futures contract (CFD) bounced off the support at around 1,775-1,780, after almost touching the level of 1,800, as we can see on the 15-minute chart:

Analogously, the technology Nasdaq 100 futures contract (CFD) trades with some increased volatility today. The resistance is at around 3,490-3,500, and the support is at 3,450-3,465, as the 15-minute chart shows:

Our intraday outlook remains bearish, and our short-term outlook is bearish:

Intraday (next 24 hours) outlook: bearish
Short-term (next 1-2 weeks) outlook: bearish
Medium-term (next 1-3 months) outlook: neutral
Long-term outlook (next year): bullish

Thank you,
Paul Rejczak