S&P 500: Sell Strength (Technical Analysis)

Market Overview - The S&P 500 index has been gradually increasing, nearing an all-time high, just 25 points away [1] - Anticipation of a rate cut and a potential Santa rally are contributing to the positive market sentiment [1] Analyst Insights - Andrew McElroy, Chief Analyst at Matrixtrade, utilizes a proprietary top-down system for market analysis, incorporating fractals, Elliott Wave, and Demark exhaustion signals [1] - The analysis also considers macroeconomic drivers and the overall market narrative, developed over 15 years to provide a consistent trading edge [1] Trading Strategy - The 'Daily Edge' report produced by Andrew McElroy outlines actionable trading ideas, directional bias, and key levels in the S&P 500, along with insights into commodities, stocks, crypto, and forex [1] - The report is distributed before each US trading session, aiming to inform traders of current market conditions and opportunities [1]