The U.S. stock market indexes are mixed, with the technology stocks sector relatively stronger, as investors continue to react on yesterday’s Google Inc.’s quarterly report release. The S&P 500 index currently gains 0.5%, making its new all-time high. The S&P 500 futures contract extends the short-term consolidation, as it is only slightly higher. The support remains at around 1,710-1,715, as we can see on the 15-minute chart:

The Nasdaq 100 future contract (CFD) continues its uptrend, as it is clearly above the level of 3,300 now. The support is at around 3,310-3,315. Still with no confirmed uptrend reversal signals, however, there are some overbought readings.

Our intraday outlook, as well as our short-term outlook remains neutral for now, as there may be some profit-taking pressure following recent rally:

Intraday outlook: neutral
Short-term outlook: neutral
Medium-term outlook: neutral
Long-term outlook: bullish

Thank you,
Paul Rejczak