The broader US stock indices are trading lower on the day with clearly defined support resistance levels. In the video above I take a look at the NASDAQ and the S&P indices, outline the short-term support resistance levels at the market traders are following, and the implications for the next breaks. Mega CapMicrosoft (MSFT)Focus will be on Azure cloud growth, AI-related spending, Copilot adoption, and capital expenditures. Investors also want updates on AI infrastructure spending and whether margins can remain strong despite elevated capex. Management commentary on consumer spending trends will be important.