The Three Trading Days Before the Christmas Day Holiday Combined with the Three Trading Days After the Christmas Day Holiday:
If the six trading days mentioned above end up being net positive for the S&P 500 then the year 2024 has an over whelming chance of being a negative year and if the the six trading days mentioned above end up being net negative for the S&P 500 then the year 2024 has an over whelming chance of being a positive year.
Please refer the below chart as provided by WayneWhaley.com:
S&P 500 Grinch Barometer
For more on the above chart and this S&P 500 Christmas Grinch Theory by Wayne Whaley at X / Twitter click here.
To view another theory on the Santa Clause Rally at Trade Currency Now Forex Blog click here.
NOTES ON WHY PAST HISTORY MAY NOT BE A TRUE INDICATOR FOR TODAY’s MARKET: Keep in mind that we are in some unusual financial times with government overreach/market manipulation, hyper inflation, high spending through FED monetary easing and 2024 is a presidential election year on the opposite side we have high debt, highly leveraged markets, wars and attacks and the next pandemic that can crash a market.
I hope the above information was of interest to you.
Anthony at TradeCurrencyNow,
America’s Forex News and Currency Information Source.
The above information is opinion based except where noted. This web page and website information is NOT trading advice. Always contact a licensed professional for information on the above subject or BEFORE applying or practicing the above information.