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

The main U.S. stock market indexes lost 1.8-2.1% on Friday, extending their short-term uptrend, as investors continued their post-interest-rate-increase selling. The S&P 500 index got close to support level of 1,990-2,000, as it retraced its recent move up. The nearest important level of resistance is at around 2,040-2,050, marked by previous local lows. For now, it looks like a medium-term consolidation following October rally:

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