The U.S. stock market indexes are currently mixed, with the technology stocks relatively stronger, as Nasdaq Composite is up 0.6%. The S&P 500 index trades 0.2% higher, after opening lower on weak European stocks performance. Investors hope for a continuation of the long-term uptrend. The nearest resistance is at 1,770-1,775, marked by the October 30 all-time high of 1,775.22. The S&P 500 futures contract (CFD) is near its all-time high, as it tests the resistance at around 1,770:

However, 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