The U.S. stock market indexes currently gain between 0.3% and 0.4%, as investors react to better-than-expected Q3 GDP number announcement. The S&P 500 makes new all-time highs above its November 29 high of 1,813.55. On the other hand, the nearest support is at around 1,800. The S&P 500 futures contract trades near its recent highs, testing the resistance at around 1,810, as we can see on the 15-minute chart:
Our intraday outlook remains neutral, and our short-term outlook is neutral:
Intraday (next 24 hours) outlook: neutral
Short-term (next 1-2 weeks) outlook: neutral
Medium-term (next 1-3 months) outlook: neutral
Long-term outlook (next year): bullish
Thank you,
Paul Rejczak