The U.S. stock market indexes currently gain between 0.4% and 0.8%, extending Friday’s move up. The S&P 500 index reached a new all-time high at 1,828.51. The nearest important support is at 1,810-1,815. The S&P 500 futures contract (CFD) trades in a relatively narrow range, analogously, close to its long-term highs. The support is at 1,810, 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