The U.S. stock market indexes are currently mixed between -0.2% and +0.2%, as investors take some profits following recent rally. However, both the S&P 500 and DJIA reached new all-time highs, breaking above the levels of 1,800 and 16,000 respectively. The S&P 500 is currently flat, slightly below the psychological 1,800. The S&P 500 futures contract (CFD) bounced of the resistance at 1,800. On the other hand, the nearest important support is at around 1,780-1,785, as we can see on the 15-minute chart:

Despite being wrong recently, our intraday outlook remains bearish, and our short-term outlook is bearish:

Intraday outlook: bearish
Short-term outlook: bearish
Medium-term outlook: neutral
Long-term outlook: bullish

Thank you,
Paul Rejczak