The major U.S. stock market indexes currently lose between 0.4% and 0.6%, as investors remain afraid of Washington’s budget crisis. The S&P 500 is down 0.4%, hovering above the level of support at 1,678.67, marked by 50% retracement of the September advance. The market remains within its recent consolidation range. The nearest important resistance is at around 1,700-1,710. Analogously, the S&P 500 futures contract (CFD) trades within its consolidation, with the support at around 1,665, and the resistance at 1,685-1,690, as we can see on the 15-minute chart:

The Nasdaq 100 futures contract (CFD) continues to behave relatively strong, as the technology stocks sector remains near its recent highs. The resistance is at 3,250. On the other hand, the support is at the psychological 3,200. There is no clear trend since the half of September, as the 15-minute chart shows:

Thank you,
Paul Rejczak