Navigating the S&P 500: What to Watch This Christmas Week

If you look at the S&P 500’s technical chart, you’ll notice something intriguing: Friday’s rebound wasn’t just any rebound — it came with a surge in volume. The Index is flirting with its 50-day Moving Average, a key indicator with investors on edge. As long as macroeconomic data doesn’t throw any curveballs, there’s a promising outlook for a festive rally in the stock market this Christmas week. My eyes are on the 6,000 mark for the SPX as a pivotal point. If the momentum continues, we might even see it touch 6,100, which could be the ceiling for this bullish run.