The U.S. stock market indexes are currently mixed between -0.3% and 0.0% as investors hesitate after recent rally. The S&P 500 futures contract (CFD) trades in a short-term consolidation, below the resistance of 1,800, and above the support of around 1,780-1,785. For now, it looks like a flat correction within an uptrend, however a deeper correction cannot be excluded, as the market remains overbought and investor sentiment seems to be too bullish:

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