The main U.S. stock market indexes currently lose between 0.2% and 0.4%, after virtually flat opening of the session. Investors remain afraid of the ongoing budget crisis. The S&P 500 index is down 0.2%, descending a little below the level of support at 1,678.67, marked by 50% retracement of the September move up. On the other hand, the resistance remains at 1,700-1,710. The S&P 500 futures contract (CFD) continues to fluctuate near its level of support at around 1,665, still with no clear direction in the short-term, however, close to the recent consolidation's lower limit. The nearest resistance is at 1,680, and the next resistance is at 1,685-1,690, as we can see on the 15-minute chart:

The Nasdaq 100 futures contract (CFD) trades near the level of support at 3,200. The sellers hope for a break below the recent consolidation’s lower limit, as the technology stocks seem to be relatively weaker today. On the other hand, the resistance is at 3,230-3,250, as the 15-minute chart shows:

Thank you,
Paul Rejczak