The U.S. stock market indexes are currently mixed, between -0.1% and +0.1% vs. their yesterday’s closing prices. The S&P 500 futures contract (CFD) extends its short-term consolidation, just below the nearest important resistance of 1,770, as we can see on the 15-minute chart:

The technology sector Nasdaq 100 futures contract (CFD) trades just below its resistance of 1,365, marked by some of the recent lows. The support remains at around 3,345-3,350. For now, it only looks like an upward correction within a short-term downtrend, as the 16-minute chart shows:

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