The U.S. stock market indexes are currently up between 0.5% and 1.0%, as investors continue to buy stocks, hoping for more year-end gains. The S&P 500 index trades near its new intraday all-time high of 1,829.75. The support remains at around 1,810-1,1815, marked by the earlier resistance. The S&P 500 futures contract (CFD) is in a relatively narrow range, as it fluctuates between 1,820 and 1,825. For now, it looks like a consolidation within the short-term uptrend, as we can see on the 15-minute chart:

Our intraday outlook is neutral, and our short-term outlook is now bullish:

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

Thank you,
Paul Rejczak