US stock index futures remain in strong bullish trends despite signs of short-term exhaustion after recent record highs. Analysts warn that markets are currently overbought, increasing the chances of temporary pullbacks or consolidation before another leg higher.

E-mini S&P futures pulled back after failing to hold above key resistance, while Nasdaq futures briefly reached fresh all-time highs before correcting lower. However, broader bullish momentum still remains intact unless major support zones break decisively.

🔹 S&P 500 Key Levels:
Support: 7390–7380 | Deeper support: 7330–7320
Resistance: 7460 | Upside targets: 7490–7495

🔹 Nasdaq Key Levels:
Support: 28950–28850
Resistance: 29480
Higher targets: 29720–30000

For now, traders continue to buy dips, but volatility may increase as markets attempt to cool overbought conditions.