SP 500 Cash Index / US Dollar forum
SPX Good evening, everyone! I hope you all had a solid trading day and managed to navigate the markets well. Today, the SPX broke its three-day winning streak with a slight pullback, closing at 6,037.59, down 2.45 points (0.04%). As an options trader, I noticed some strong setups presenting themselves throughout the day, which gives me optimism that we might break out of this choppy December price action sooner than expected. Looking ahead to tomorrow, I personally believe the markets will pick a clear direction and make a strong move, especially with the New Year right around the corner. Personally, I’m leaning toward a pump for a couple of reasons: As the S&P 500 wraps up 2024, we’re entering the “Santa Claus rally” period. Historically, this has been a time when stocks tend to climb, with the S&P 500 averaging a 1.3% gain during the last five trading days of December and the first two of January. Since 1950, this rally has happened roughly 76% of the time—a stat worth keeping in mind. Thanks for sticking with me through this longer post. Wishing you all a safe and successful trading day tomorrow to close out the week! Remember to stick to solid risk management and let your technical analysis guide you.Good luck and safe trading. God Bless 🥃
SPX EVERYDAY. i seeSPX WE see it everyday. "REPULIKANS" mouthing off talking bout "illegal immigration" while dem good ol boy farmers flood the churchesSPX a whole generation of GAMBLERS. hahahahahahahahaha. WAIT UNTIL "ALPHA" is gone.....alpha may bite back
