S&P500 E-mini Levels For 12/16/2024

$ES_F Analysis & Game Plan

Big Picture: Bias is Bullish, Market In Upward Channel From October 2023 Low, $VIX Below 20 (complacency)

• Today´s Pivot is 6130 (ESH25)

The final two weeks of December have historically been a strong period for US stock markets. Data shows that the S&P 500 has averaged a return of approximately 1.4% in December, with the second half of the month ranking as the third-best two-week stretch of the year since 1928. This trend is often referred to as the "Santa Claus Rally.” In the Sunday Post, I highlighted the growing Bullish sentiment among investors, reflected in record inflows into US equity ETFs during November (see chart below). However, it’s important to remember that past performance is not a reliable predictor of future outcomes. Markets remain unpredictable and anything can happen at any given time. This is why PalmaFutures Newsletter emphasizes price action and level-to-level trading, which will always remain my primary focus.