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A 'Technical' Christmas Gift for Wall Street
Barrons· 2025-12-24 17:42
Now, with less than 30 minutes left in a truncated trading day, the S&P 500 is trading at 6937, well above the 6911 that would trigger a breakout. If the gain holds, investors, particularly trend followers and momentum traders, could decide to push their gains, giving the markets a boost through the end of the year. Despite recent gains, the S&P 500 hadn't confirmed a breakout, according to Fairlead Strategies' Katie Stockton. Without one, market technicians like her had to assume that a correction was stil ...