Santa did his job..!
Aggiornato
S&P 500 has reached above 4700 level, 8 times since early November but could not hold above this level..!
Let's see if Santa has enough energy to push hold this level..!
The Santa Claus rally refers to the tendency for the stock market to rally over the last weeks of December into the new year. Theories for its existence include increased holiday shopping, optimism fueled by the holiday spirit, and institutional investors settling their books before going on vacation.
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Enjoy the holiday season.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference article:
https://www.investopedia.com/terms/s/santaclauseffect.asp
Let's see if Santa has enough energy to push hold this level..!
The Santa Claus rally refers to the tendency for the stock market to rally over the last weeks of December into the new year. Theories for its existence include increased holiday shopping, optimism fueled by the holiday spirit, and institutional investors settling their books before going on vacation.
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Enjoy the holiday season.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Reference article:
https://www.investopedia.com/terms/s/santaclauseffect.asp
Nota
Whatever is beautiful, whatever is meaningful, whatever brings you happiness…May it be yours this Holiday Season and throughout the coming year.
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