Big Picture: Bias is Neutral, Market In Upward Channel From October 2023 Low, $VIX Below 20 (complacency)
Today´s Pivot is 6091
From a seasonality perspective, February has historically performed better in the first half of the month, followed by a market sell-off in the second half. This trend is evident in the S&P 500 Index Seasonality chart below. As noted in the Sunday Post, February tends to be a flat month on average. However, in post-election years, it has historically been the worst-performing month for the S&P 500. That said, it’s crucial to remember that these patterns are based on historical averages and are not guarantees. Market behavior is driven by a wide range of factors, and outcomes can vary at any time. Past performance does not predict future results, which is why PalmaFutures focuses on price action and level-to-level trading—prioritizing real-time market dynamics over seasonal trends.
Market Analysis
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