The main U.S. indexes have closed up between 0.4% and 0.7% today, as investors hoped for the budget crisis deal in Washington and some better-than-expected quarterly earnings releases. The S&P 500 gained 0.4%, moving above the level of 1,700. The nearest important resistance remains at 1,700-1,710. The S&P 500 futures contract (CFD) is in a short term uptrend. The price broke above the level of 1,700, which is a positive sign. The nearest support is at around 1,680-1,690, as we can see on the 15-minute chart:

The Nasdaq 100 futures contract (CFD) made new long –term uptrend high, moving above the resistance level at around 3,250. The technology stocks sector continues to be relatively strong, as investors buy Apple, Netflix stocks. The nearest important support is at 3,230, as the 15-minute chart shows:

Thank you,
Paul Rejczak