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Bullish Technical Signal, Santa Claus Rally, Taking Advantage Of Hopium

Benzinga ·  Dec 24, 2024 00:54
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Profiting From Stock Market Hopium

An enlarged chart ofSPDR S&P 500 ETF Trust(NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

  • The chart shows Friday was an outside day. It is a bullish technical signal.
  • The chart shows that the stock market hit the breakout line before bouncing.
  • The chart shows that RSI is close to oversold.
  • The set up shown on the chart is a good setup for a Santa Claus rally.
  • The chart shows the higher volume on...
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