The main U.S. stock market indexes have opened up between 0.3% and 0.4% today, extending their recent consolidation. The S&P 500 is currently up 1.2%, as investors watch debt-ceiling crisis talks, hoping for a positive resolution. The broad market index is over its resistance at around 1,700-1,710, which is a positive signal. The S&P 500 futures contract (CFD) continues the short-term uptrend. The nearest important support is at 1,700-1,705, marked by the previous resistance, as we can see on the 15-minute chart:

However, our intraday outlook remains neutral for now, as there may be some uncertainty later in the day concerning budget crisis talks:
Intraday outlook: neutral
Short-term outlook: neutral
Medium-term outlook: neutral
Long-term outlook: bullish

Thank you,
Paul Rejczak