The U.S. stock market indexes are currently down between 0.1% and 0.3%, as investors take some profits following recent rally. The S&P 500 index trades closer to the level of 1,800 again, after testing the resistance at 1,810-1,815, marked by the November 29 all-time high of 1,813.55. The S&P 500 futures contract (CFD) analogously retraced some of its recent move up. The resistance is at around 1,810, and the support remains at 1,800, 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