Dow has been trading within a narrow range during the previous hours, but it remains stable above moving averages and above the previously broken resistance line.
However, we have witnessed some kind of weaker momentum on RSI, while ADX shows signs of uptrend exhaustion.
Hence, we prefer to stand aside today since risk versus reward ratio is inappropriate.
The levels to watch are 17900.00 and 17760.00.
Support: 17760.00-17665.00-17600.00
Resistance: 17900.00-17930.00-18000.00
Direction: Neutral
S&P 500 Futures uptrend has slowed down with approaching the main classical resistances as seen on the provided daily chart.
RSI reflects weakness in bullish momentum, while ADX is showing slight reverse although it remains bullish.
From here, we prefer to stand aside over intraday basis to see how the index will behave around 2095.00; noting that, 2074.00 became a good floor.
Support: 2082.00- 2070.00-2063.00
Resistance: 2095.00-2100.00-2107.00
Direction: Neutral