The U.S. stock market indexes currently gain between 0.4% and 0.7%, retracing yesterday’s losses. The market is in a short-term consolidation and a flat correction of the recent uptrend. The S&P 500 future contract (CFD) trades near its all-time high of around 1,750. The nearest important support is at 1,735. Still with no clear direction, as we can see on the 15-minute chart:

Our intraday outlook, as well as our short-term outlook remains neutral, as there may be some further uncertainty following recent rally:

Intraday outlook: neutral
Short-term outlook: neutral
Medium-term outlook: neutral
Long-term outlook: bullish

Thank you,
Paul Rejczak