SPY is looking weak based on the recent price action. With the price closing below the 20 day SMA, and a shooting star kind of candle forming with today's trading, can we expect further selling? Possibly. A stat I would like to share is that the Santa Clause rally usually triggers after the 14-16 of December. But before that, there is fierce selling days prior to it. Not a prediction that a similar scenario will play out, but something to keep in mind.
What do you all think? Is Santa coming this winter?
What do you all think? Is Santa coming this winter?