The U.S. stock market indexes are currently mixed between 0.0% and +0.4%, as stocks continue their recent move up. The S&P 500 index reached its new intraday all-time high at 1,838.19. The support remains at 1,810-1,815, marked by earlier resistance. The S&P 500 futures contract (CFD) trades in a relatively narrow range, following higher opening. The support is at 1,820-1,825, as we can see on the 15-minute chart:
The technology sector Nasdaq 100 futures contract (CFD) remains in an uptrend, as it reached its new highs in the vicinity of 3,580. The support is at around 3,565, and the next support is at 3,535-3,545, as the 15-minute chart shows:
Our intraday outlook is neutral, and our short-term outlook is bullish:
Intraday (next 24 hours) outlook: neutral
Short-term (next 1-2 weeks) outlook: bullish
Medium-term (next 1-3 months) outlook: neutral
Long-term outlook (next year): bullish
Thank you,
Paul Rejczak