The main U.S. stock market indexes currently gain between 0.2% and 0.4%, slightly extending their uptrend, as the S&P 500 index reaches a new intraday all-time high at 1,811.47. The support remains at around 1,800. The S&P 500 futures contract (CFD) is in a relatively slow ascending channel. Will this uptrend hold? Long Thanksgiving weekend seems to be favoring buyers here:

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