The U.S. stock market indexes have closed up 0.4-1.1% despite Washington’s debt-ceiling crisis and subsequent government shutdown. Stocks rebounded as investors reacted to the better than expected ISM Index for the month of September, unveiled earlier in the day. The S&P 500 index gained 0.8%, approaching the level of 1,700 once again. The support remains at around 1,675-1,680, marked by the 50% retracement of the August-September rally at 1,678.67, amongst others. On the other hand, the nearest resistance is at 1,700. The S&P 500 futures contract (CFD) broke above its recent downward trend line. The nearest resistance is at around 1,690, marked by the previous consolidation, as we can see on the 15-minute chart:

The Nasdaq 100 futures contract (CFD) continues its long-term uptrend, reaching new high, following a break above the recent consolidation’s upper limit of 3,230-3,240. The technology stocks sector remains relatively strong, as it leads the whole market up. The nearest level of support is at 3,230-3,240, as the 15-minute chart shows:

Thank you,
Paul Rejczak