The main U.S. stock market indexes currently gain between 0.2% and 1.1%, as investors react to the FOMC decision announcement. The S&P 500 index is back near the level of 1,800. The resistance is at 1,800, and the next resistance is at 1,810-1,815, marked by the November 29 all-time high of 1,813.55. The S&P 500 futures contract (CFD) trades higher, with some increased volatility, 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