The U.S. stock market indexes are currently down between 0.4% and 0.5%, as investors continue to take profits following recent move up. The S&P 500 index is slightly below the level of 1,800. The support remains at around 1,770-1,775, and the resistance is at 1,810-1,815. The S&P 500 futures contract (CFD) is analogously back below the level of 1,800, as the downward correction extends:

Our intraday outlook remains bearish, and our short-term outlook is bearish:

Intraday (next 24 hours) outlook: bearish
Short-term (next 1-2 weeks) outlook: bearish
Medium-term (next 1-3 months) outlook: neutral
Long-term outlook (next year): bullish

Thank you,
Paul Rejczak