The U.S. stock market indexes are currently mixed between -0.1% and +0.1%, extending their short-term fluctuations following recent advance. The S&P 500 index trades slightly below Friday’s intraday all-time high of 1,844.89. The support remains at 1,829.75-1,834.96, marked by Thursday’s daily gap up. The S&P 500 futures contract is in a relatively narrow trading range. The nearest support is at around 1,830, as we can see on the 15-minute chart:

Our intraday outlook is neutral, and our short-term outlook is 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