The U.S. stock market indexes currently gain between 1.0% and 1.1%, as investors buy the recent dip, hoping for the downward correction to end. The S&P 500 index trades 10 point below 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 1813.55. On the other hand, the support remains at 1,770-1,775. The S&P 500 futures contract (CFD) extends its move up, 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