US SPX 500 Index forum
SPX Good afternoon, great day for SPX! As of December 27, 2024, SPX is trading at $594.37, reflecting a decline of 1.16% from the previous close. Year-End Tax Selling and Profit-Taking: Investors are engaging in year-end tax loss decrease and profit-taking strategies, leading to increased selling pressure, particularly in high performing tech and growth stocks. Sector Performance: Technology stocks have led the market’s decline, with notable companies like Nvidia and Tesla experiencing significant losses. This sector’s underperformance has weighed heavily on the broader index. I managed to catch some great beautiful moves today and hope you all did as well! God bless and have a great weekend 🥃
US500 if there is no drop anymore, you know what will happen right?? yes that's right, like always
SPX targeting Spx 5920 hourly candle looks like it wants to touch there maybe end of day?
SPX Expecting a big crash today , expecting a drop of 4% . Currently down 1%
SPX fridays errbody loves um......its like a fwee UP DAY....ONE MOAR DAY
thats your theme....
the theme of your life....
Coz you never broke one bead of sweat in your life.
so we rob plebs
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 🥃