S&P 500 Index: Early December Market Overview
Historically, December tends to be a positive month for the S&P 500 (US SPX 500 mini on FXOpen):
→ Since the 1950s, the index has risen in more than 70% of Decembers.
→ The typical monthly gain is around +1.0%.
Whether the index will continue upward in 2025 depends on the Federal Reserve’s meeting on 10 December and other factors, including geopolitical developments. Market interest is further heightened by a scheduled statement from Trump at the White House today (22:00 GMT+3), though the details remain undisclosed.
Chart Analysis of the S&P 500
Bullish indicators:
→ The recovery from November’s lows has been strong, with a roughly 5% gain in just 10 days.
→ Prices have climbed above the blue trendline, which has served as a support level since summer.
→ The recent pullback (highlighted in red) may be a temporary consolidation, forming a Bull Flag pattern.
Bearish indicators:
→ The red downward trajectory remains intact.
→ Recent price movements show potential Head and Shoulders and Quasimodo patterns, suggesting tradeers could reassert control near the upper boundary.
In the near term, the former resistance around 6785 could act as a support zone. Overall, the S&P 500 (US SPX 500 mini on FXOpen) appears poised to remain in a cautious stance, reacting to upcoming economic data delayed by the government shutdown.
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