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?