The main U.S. stock market indexes are currently down between 0.3% and 0.5%, as investors become more cautious. The S&P 500 index trades close to 1,800 level. Analogously, the S&P 500 futures contract (CFD) touches the support at around 1,800. Breakout below this level may be a short-term negative signal, as the market may begin downward correction:

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