The main U.S. stock market indexes are currently mixed, with the technology stocks sector relatively weaker, as the DJIA is up 0.7%, making new intraday record high, and the Nasdaq Composite is down 0.3%. The market extends its consolidation, fluctuating slightly below the long-term highs. The S&P 500 futures contract (CFD) increased its short-term volatility, as it approached last week’s high. The resistance remains at 1,770-1,775, as we can see on the 15-minute chart:

The Nasdaq 100 futures contract (CFD) followed a similar path, as it bounced off resistance, marked by the late October high. The support is at around 3,360-3,365, marked by some of the recent lows, as the 15-minute chart shows:

Our intraday outlook is neutral, and our short-term outlook remains neutral, as there may be some further uncertainty following recent rally:

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

Thank you,
Paul Rejczak