The U.S. stock market indexes gain between 0.7% and 1.0%, as investors hope for the bull market to continue after recent decline. The S&P 500 index trades around 10 points below the level of 1,800, which acts as a resistance. 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) tests the resistance at 1,780-1,785. Will it break above these level? For now it looks like an upward correction, however, a bullish “Santa Claus rally” scenario cannot be excluded:

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