Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,140 and profit target at 1,990, S&P 500 index)

The main U.S. stock market indexes were virtually flat on Friday, as investors had a long holiday weekend. The S&P 500 index continues to fluctuate following recent move up. The nearest important level of resistance is at around 2,100, and the next resistance level is at 2,130, marked by late May all-time high. On the other hand, support level is at 2,070, and the next support level is at 2,020-2,050, marked by previous local lows. For now, it looks like a consolidation following October rally: