The U.S. stock market indexes are currently mixed, as investors continue to hesitate after recent rally, followed by the period of indecision. The S&P 500 index is up 0.1%, less than 1% below last week’s all-time high of 1,775.22. The resistance remains at around 1,770-1,775. The S&P 500 futures contract (CFD) trades in a relatively narrow range, above the level of 1,750. Still with no clear short-term trend, as we can see on the 15-minute chart:

Our intraday outlook remains bearish, and our short-term outlook is still neutral, as there may be some further uncertainty following recent rally:
Intraday outlook: bearish
Short-term outlook: neutral
Medium-term outlook: neutral
Long-term outlook: bullish

Thank you,
Paul Rejczak