The U.S. stock market indexes currently gain between 0.1% and 0.5%, as investors remain optimistic. The S&P 500 is up 0.3%, trading closer to its November 29 all-time high of 1,813.55. The nearest resistance is at 1,810-1,815, and the support is at the psychological 1,800. The S&P 500 futures contract (CFD) tests the resistance at around 1,810; will the uptrend continue?

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