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omegabull

Is Santa coming?

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
omegabull  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Chart Patterns Technical Indicators SPDR S&P 500 ETF (SPY) S&P 500 (SPX500)
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trendanalysis chartpattern indicator spy spx500
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?
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