The U.S. stock market indexes currently gain between 0.1% and 0.5%, as investors react to some better than expected economic data announcements. The S&P 500 index trades close to yesterday’s intraday all-time high of 1,808.42. The support remains at 1,800, and a potential resistance is at around 1,810, as we can see on the 15-minute chart:

Our intraday outlook remains bearish, and our short-term outlook is bearish:

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

Thank you,
Paul Rejczak