The main U.S. stock market indexes were down between 0.2% and 0.5% two hours before the close of today’s trading session, as they rebounded from earlier lows. Investors fear possible outcomes of the debt-ceiling crisis, hesitating to buy stocks ahead of the weekend. The S&P 500 futures contract (CFD) deepened its recent correction, testing a level of support at around 1,680. On the other hand, the resistance is at 1,690-1,700. The volatility remains relatively low, as the price continues to fluctuate within a rather narrow range since early week, as we can see on the 15-minute chart:

The Nasdaq 100 futures contract (CFD) still trades near last week’s high, extending its short-term consolidation. The resistance is at around 3,230-3,240, and the nearest level of support is at 3,200. There is no clear direction for the technology stocks sector since last Thursday, as the 15-minute chart shows:

Thank you,
Paul Rejczak

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