The main U.S. stock market indexes currently gain between 0.1% and 0.2%, as investors try to buy the dip following recent decline. The S&P 500 futures contract (CFD) extends its short-term consolidation, as we can see on the 15-minute chart:

The support remains at around 1,765-1,770, and the nearest resistance is at 1,780-1,785. The S&P 500 index seasonality shows us that the second half of December historically brings some sentiment improvement. Check out our True Seasonals investment tool:

Our intraday outlook is now neutral, and our short-term outlook is neutral too, as there may be some “Santa Claus Rally” rebound next week:

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

Thank you,
Paul Rejczak