The U.S. stock market indexes gain between 0.1% and 0.2% in a quiet holiday trade. The S&P 500 is at a new all-time high, slightly above the level of 1,830. The support remains at around 1,810-1,815. The S&P 500 futures contract (CFD) extends its short-term consolidation, as it fluctuates between 1,820 and 1,825. There are no confirmed short-term uptrend reversal signals, 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