SPY Projection as the infamous "Santa Rally is on worried fears".-->Typically This time of year through early January we tend to see some type of relief rally in the S&P500. A Santa Claus rally is a market theory describing when the stock market surges during the final week of December, extending into the following two trading days of the new year.
--> Moving forward, with a few trading days left in Decemeber and a new year approaching. I anticipate that the next few months will lead into a choppy continued downside move on markets.
Target Range 333.50
Target Date: February 17th
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.