The main U.S. stock market indexes currently gain between 0.9% and 1.2%, as investors react to better-than-expected unemployment report release. The S&P 500 index trades above the level of 1,800, which is a positive signal. The nearest important resistance is at 1,810-1,815, marked by last Friday’s all-time high of 1,813.55. The S&P 500 futures contract (CFD) retraced almost all of its recent losses, testing the resistance at around 1,800-1,810, as we can see on the 15-minute chart:

Our intraday outlook remains bearish, and our short-term outlook is bearish:

Intraday (next 24 hours) outlook: bearish
Short-term (next 1-2 weeks) outlook: bearish
Medium-term (next 1-3 months) outlook: neutral
Long-term outlook (next year): bullish

Thank you,
Paul Rejczak