SPX has struggled going into 2025 and it is likely a transition year. The local trendline is being tested and may produce a little support. Ultimately SPX is likely to see lower levels. A rocky year is to be expected as this transition is underway.
Daily
Called for rally in November and VIX spike in December. Then for SPX to struggle. All of this happened.
ReplyDeleteGoing into 2025 it feels much different than 2016 when Trump last came into office. This time the mood is skeptical and it will take time to adjust to these changes. That is why it's a transition year.
ReplyDeleteSPX has clearly lost support of the 50 average on the daily and likely heading down to trade around the 200 average for a while.
ReplyDeleteFor strategy I'm keeping the powder dry and have my eye on big opportunity from lower prices.
ReplyDeleteSPX could be quiet now until we get past the inauguration.
ReplyDelete