The bears took advantage of a small window before the “Santa Claus rally” begins — the last five trading days of this year and the first two of the next year — to drive the S&P 500 index down a bit. Once again, support in the 3630–3650 area has held. That area has been a daily low for seven trading days so far this month. Hence, it is important support, for every time it is tested and holds, more and more people will rely upon it.
If it is broken, there will probably be instant selling. However, we are still viewing 3550...
"Market" - Google News
December 24, 2020 at 10:57PM
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Watch this stock-market signal now that a warning shot has been fired - MarketWatch
"Market" - Google News
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