The major U.S. stock market indexes currently gain between 0.1% and 0.4%, as investors hope for the uptrend to resume. However, the S&P 500 index is up a modest 0.1%. The resistance remains at around 1,770-1,775, and the nearest important support is at 1,760, marked by the recent local high. The S&P 500 futures contract (CFD) is in a relatively narrow consolidation, with the support at around 1,750. The market has retraced some of the recent move up, as we can see on the 15-minute chart:

The Nasdaq 100 futures contract (CFD) extends its week-long consolidation. Breakout below the support at 3,365 would be a negative signal. On the other hand, the resistance remains at 3,390-3,400, as the 15-minute chart shows:

Our intraday outlook remains bearish, and our short-term outlook is still neutral, as there may be some uncertainty following recent rally:
Intraday outlook: bearish
Short-term outlook: neutral
Medium-term outlook: neutral
Long-term outlook: bullish

Thank you,
Paul Rejczak