The U.S. stock market indexes are currently up between 0.2% and 0.5%, extending their short-term consolidation, as investors hope for a continuation of the uptrend. The S&P 500 is slightly below the level of 1,800, which is the nearest important resistance. The S&P 500 futures contract (CFD) continues to fluctuate above the support of 1,780-1,785, as we can see on the 15-minute chart:

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